Franchise Emerges from Bankruptcy With Uncertain Future

Having formally concluded its Chapter 11 proceedings in June 2025, the company known as Franchise now faces the formidable challenge of securing its long-term viability. While the bankruptcy process successfully slashed its debt burden, the path to regaining market leadership appears fraught with obstacles.

The journey through financial reorganization began on November 3, 2024, when Franchise voluntarily filed for Chapter 11 protection. A pivotal moment occurred on June 6, 2025, as the company’s plan of reorganization became effective. Shortly thereafter, on July 3, 2025, a related entity reached its “TopCo Effective Date.” These milestones collectively signal the firm’s official entry into a new, post-bankruptcy phase.

Drastic Debt Reduction and Market Reaction

Central to the restructuring was an aggressive deleveraging strategy aimed at eliminating approximately $1.5 billion in... Read more...