Fast Food Franchisee Bankruptcies Portend Industrywide Struggles
Kay Kress, a partner in the firm's Finance & Restructuring Practice Group, was quoted in the May 5, 2023 Bloomberg Law article, " Fast Food Franchisee Bankruptcies Portend Industrywide Struggles."
"You can't just have a franchisee in bankruptcy decide they're going to sell their franchise because the franchisor has to have some sort of consent control over who is going to be their franchisee," said bankruptcy attorney Kay Standridge Kress of Troutman Pepper Hamilton Sanders LLP. "You're going to be in trouble if you can't get your franchisor on board."