Premier Kings is the third Burger King franchisee to declare bankruptcy this year. | Photo: Shutterstock.

Premier Kings, a 172-unit Burger King franchisee whose owner died in 2022, declared bankruptcy protection, saying that operating losses even after the company closed restaurants forced the issue.

It’s the third time this year that a major Burger King operator has taken such a step, while several others closed restaurants around the country in the aftermath of the chain’s sales and profit challenges.

In this case, Premier Kings’ Chapter 11 filing follows the untimely death of its owner, Patrick Sidhu, whose Popeyes stores were placed into bankruptcy earlier this year for the same reason.

The company put the restaurants up for…

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The ex-glamour model splurged about £7,000 during a single visit to Selfridges, pals say.

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Another £500 or so went on takeaways including Domino’s pizzas in the same month. She spent £2,500 on shoes.

A friend said she frittered the cash at the end of 2020 — the year after she was declared bankrupt for the first time, owing creditors £3.2million.

On Friday, Price appeared at the High Court, having been arrested at Heathrow as she returned from a trip to Turkey.

A…

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Four years into her double arts/law degree, Yaiman said she and her peers find the future “truly terrifying”.

She’s among millions of Australians with student loans that will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing “debt spiral”.

Quarterly figures, released by the Australian Bureau of Statistics on Wednesday, revealed inflation grew by 3.6% over the year to 31 March, in large part due to a rise in education costs, which grew by 5.9%.

The repayment of Hecs/Help loans is tied to indexation, calculated by combining the consumer price…

The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business. However since the UK parent entered bankruptcy last month, the Australian subsidiary – and others around the world – have become creditors and their access to funds has been cut off.

The Guardian has quoted sources explaining that the money earned by the key overseas businesses during the peak trading period in November and December was paid into a global account, based in the UK – “a practice termed ‘cash pooling’”. As a result, global subsidiaries are struggling to pay suppliers for services rendered during that peak. The cash pooling ceased when the business…

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Premier Kings, a 172-unit Burger King franchisee, declared bankruptcy in late October after the death of its owner created operational instability. It’s the third Burger King franchisee to enter court proceedings this year.

The company was founded in 2009 by Manraj Sidhu. He started with six stores in the Birmingham, Alabama, market and expanded in 2014 with 34 more units throughout Alabama, Georgia, and Tennessee. From 2015 to 2021, 100-plus restaurants entered the portfolio in Tennessee, Florida, and South Carolina. Premier Kings earned $233.3 million and $255 million in sales in 2021 and 2020, respectively.

Sidhu passed away unexpectedly in May 2022, which put Premier Kings in a difficult position as he was the sole…