Connect with us

FOOD

Nation’s Second Oldest Fast Food Chain Files for Bankruptcy


Source: Krystal Burgers

The nation’s second oldest fast food chain has filed for bankruptcy.

Southern fast food chain Krystal, which is known for its square-shaped mini burgers, filed for Chapter 11 bankruptcy protection on Monday with court documents revealing the company has between 50 and 100 million dollars in debt.


According to AOL, the company cited “shifting consumer tastes and preferences, growth in labor and commodity costs, increased competition, and unfavorable lease terms” as some of the biggest factors in the decision.

Krystal operates out of ten southern states – Florida, Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Sports Illustrated Reveals 3 Cover Models for 2016 Swimsuit Issue

BEAUTY+STYLE

$3.4 Million in Fake Designer Goods Seized at LAX

BEAUTY+STYLE

Ariana Grande Goes Grey – and Totally Rocks Her New Look

BEAUTY+STYLE

Ricki Lake Shaves Head, Reveals Ongoing Battle with Hair Loss

BEAUTY+STYLE