Carl’s Jr franchisee says California’s $20 minimum wage led to bankruptcy
Yahoo Finance·2026-04-08 22:43
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: Carl’s Jr. operator Friendly Franchisees Corporation said California’s $20 fast food sector minimum wage was one of the reasons that it ended up in financial distress ahead of its April Chapter 11 bankruptcy filing, CEO and Founder Harshad Dharod said in a court filing under subsidiary Sun Gir. This minimum wage increase, which went into effec ...