One of the largest operators of Popeyes Louisiana Kitchen restaurants in the United States has filed for Chapter 11 bankruptcy protection, citing mounting debt, inflationary pressures and shifts in consumer behavior that have hammered its bottom line.
Sailormen Inc., a Miami-based franchisee that previously operated more than 130 Popeyes locations primarily in Florida and Georgia, filed for reorganization in the U.S. Bankruptcy Court for the Southern District of Florida on January 15, 2026. The company, founded in 1987, listed approximately $129 million to $130 million in secured debt in initial filings, with some reports indicating total liabilities exceeding $342 million and a net operating loss of nearly $19 million for the prior year.
