US Fast Food Chain Faces Setback Down Under as 20 Australian Locations Close

Published on July 31, 2024

An Australian franchisee running 24 Carl’s Jr. restaurants, the American fast-food chain, has been placed into voluntary administration, causing multiple burger restaurant closures. Big Four accounting firm KPMG has stepped in as the voluntary administrator for CJ’s QSR Group (CJQSR), which operates Carl’s Jr. locations in Australia. As a result, 20 Carl’s Jr. stores have closed immediately, while another four impacted by the voluntary administration are still open at this stage. A further 25 restaurants that are independently owned and operated by third-party licensees will continue to operate with little to no impact, a spokesperson for KPMG told the Epoch Times....