Analysis
The 2026 Restructuring: Why Real Estate Liabilities Are Driving Franchise Bankruptcies
The U.S. restaurant industry is currently undergoing a brutal, data-driven footprint rationalization. As we enter the third quarter of 2026, the primary catalyst for the recent wave of Chapter 11 filings is no longer simple operational failure, but rather structural real estate liability. Data from Black Box Intelligence indicates that approximately 9% of full-service restaurants […]