US EditionIHOP files for bankruptcy! Will it close its stores?
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IHOP files for bankruptcy! Will it close its stores?
Bad news for pancake lovers! Exton Operating Group Inc., one of the main franchise operators of IHOP, has filed for Chapter 11 of the United States Bankruptcy Code, raising concerns about the future of the popular restaurant chain. Here’s everything we know about the situation. Why did the IHOP franchisee declare bankruptcy? In an official statement, Exton Operating Group Inc., based in Pennsylvania, reported that its debts currently exceed $10 …
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