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Popeyes franchisee enters receivership amid debt and wage allegations
Yahoo Finance· 2025-10-27 11:13
Core Viewpoint - A Canada-based franchisee of Popeyes Louisiana Kitchen, Irfan Memon, has entered receivership due to significant debt and allegations of unpaid wages, with his companies reportedly owing around $10.8 million [1][2]. Group 1: Legal Issues and Allegations - Memon is a key defendant in a lawsuit filed in May against Popeyes and its parent company, Restaurant Brands International, alleging that his restaurants purchased "unsafe" meat from an unauthorized supplier [2]. - The lawsuit involves seven of Memon's locations out of 27 mentioned, and claims have not yet been substantiated in court [3]. - Restaurant Brands has stated that it found no evidence supporting the allegations as of July 2025 [3]. Group 2: Operational Concerns - Popeyes issued a notice of termination on September 18, 2025, citing "significant discrepancies" in chicken purchases from approved suppliers compared to sales [4]. - Memon's companies failed to provide satisfactory explanations for these discrepancies, leading to concerns about food safety, including rodent activity at one location [5]. - Unpaid wages had been an ongoing issue, with notices of default sent in January 2025 for failures to pay employees [6]. Group 3: Financial and Management Actions - Meridian Credit Union Ltd., the lender for Memon's companies, filed for receivership on October 8, which was granted on October 10 [6]. - Meridian is working with Memon and Restaurant Brands to find new operators for the affected restaurant locations [7].
X @Bloomberg
Bloomberg· 2025-09-17 06:00
China Evergrande's liquidators are seeking receivership of ex-Chief Executive Officer Xia Haijun and his ex-wife’s assets https://t.co/oHmkWkqd0E ...