Argentina fast-food franchisee files Chapter 11 after closing 60 US outlets

A major franchisee of a McDonald's/Burger King competitor has filed for Chapter 11 bankruptcy in Argentina, citing the country's economic crisis. The company closed nearly 60 US restaurants and employs about 9,000 people globally. The filing signals financial distress in an emerging market, but the direct market impact is limited to the company's creditors and local operations.