POPEYES FRANCHISE GOES BROKE ON $233M IN CHICKEN One of the largest Popeyes franchise operators in the U.S. just filed for Chapter 11 after losing $18.8 million despite generating about $233 million in sales. The company, Sailormen Inc., has already closed more than 20 locations while thousands of employees wait to see which stores survive the bankruptcy process. Apparently selling mountains of fried chicken still isn’t enough when rent, labor, and food costs all decide to show up angry at the same time. Source: NewsForce