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Fans of Popeyes Louisiana Kitchen will be sad to learn that more than a dozen locations have shuttered this month across two Southeastern states. The closures come after Sailormen Inc., a major Popeyes franchisee, filed for Chapter 11 bankruptcy protection in Florida on January 15. Once the bankruptcy proceedings began, Sailormen immediately moved to shutter 17 Popeyes restaurants in Georgia and Florida, according to court records. The company is now seeking to reject the leases at those locations where the beloved fried chicken fast-food restaurants formerly operated. The closures took place as recently as this week, according to a January 26 court docket. It’s unclear if more restaurants will close. Fast Company reached out to Sailormen and Popeyes for comment. Why did Sailormen file for bankruptcy? As Fast Company reported earlier this month, Sailormen cited a number of factors that led up to its bankruptcy petition, including high inflation and borrowing rates, and foot traffic that never fully recovered from the COVID-19 pandemic. Restaurant Brands International (RBI), which owns Popeyes Louisiana Kitchen along with major chains such as Burger King and Tim Hortons, has faced increasing competition in the so-called fast food chicken wars. Notably, younger generations are turning to fast-growing brands like Raising Canes and Daves Hot Chicken. With more than 5,000 locations worldwide, Popeyes is still the far larger chain, but RBI reported a decline in same-store sales for the brand for three consecutive quarters last year. Which Popeyes have closed? Sailormen said in a court filing that it closed eight locations on January 19, five locations on January 20, and four locations on January 22. It characterized the restaurants as “underperforming.” The full list of locations is below: Florida 2005 Ohio Avenue North Live Oak, FL 32064 1601 South US Highway Ft. Pierce, FL 34950 5156 S. Dale Mabry Highway Tampa, FL 33611 2729 S.E. Highway 70 Arcadia, FL 34266 175 South Highway 17 East Palatka, FL 32131 649 S. McDuff Avenue Jacksonville, FL 32205 1124 N. Young Boulevard Chiefland, FL 32626 27740 US 27 Leesburg, FL 34748 200 Green Way Keystone Heights, FL 32656 812 South 6th Street Macclenny, FL 32063 1833 Kings Road Jacksonville, FL 32209 2015 North Wickham Road Melbourne, FL 32935 Georgia 401 N. 1st Street, Jesup, GA 31545 2106 Memorial Drive Waycross, GA 31501 1610 S. Georgia Parkway West Waycross, GA 31503 68 West Coffee Street Hazlehurst, GA 31539 3319 Altama Avenue Brunswick, GA 31520
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E-Commerce
President Donald Trump announced Tuesday that he has signed an executive order to “cut through bureaucratic red tape” and speed up reconstruction of tens of thousands of homes destroyed by the January 2025 Los Angeles area wildfires.Trump’s order, signed Friday, seeks to allow homeowners to rebuild without contending with “unnecessary, duplicative, or obstructive” permitting requirements, the White House said in a statement.The order directs the Federal Emergency Management Agency and the Small Business Administration to find a way to issue regulations that would preempt state and local rules for obtaining permits and allow builders to “self-certify” that they have complied with “substantive health, safety, and building standards.”California Gov. Gavin Newsom scoffed at the idea that the federal government could issue local rebuilding permits and urged Trump to approve the state’s $33.9 billion disaster aid request. Newsom has traveled to Washington, D.C., to advocate for the money, but the administration has not yet approved it.The Democratic governor said on social media that more than 1,600 rebuilding permits have been issued in Los Angeles and officials are moving at a fast pace.“An executive order to rebuild Mars would do just as useful,” Newsom wrote on social media. He added, “please actually help us. We are begging you.”Fewer than a dozen homes had been rebuilt in Los Angeles County as of Jan. 7, one year after the fires began, The Associated Press found. About 900 homes were under construction.The Palisades and Eaton fires killed 31 people and destroyed about 13,000 residential properties. The fires burned for more than three weeks and cleanup efforts took about seven months.It wasn’t immediately clear what power the federal government could wield over local and state permitting. The order also directs federal agencies to expedite waivers, permits and approvals to work around any environmental, historic preservation or natural resource laws that might stand in the way of rebuilding.Los Angeles Mayor Karen Bass said in a statement that instead of trying to meddle in the permitting process, the Trump administration should speed up FEMA reimbursements.Bass called Trump’s move a “political stunt” and said the president should issue an executive order “to demand the insurance industry pay people for their losses so that survivors can afford to rebuild, push the banking industry to extend mortgage forbearance by three years, tacking them on to the end of a 30-year mortgage, and bring the banks together to create a special fund to provide no-interest loans to fire survivors.”The mayor said rebuilding plans in Pacific Palisades are being approved in half the time compared to single-family home projects citywide before the wildfires, “with more than 70% of home permit clearances no longer required.”Permitting assistance is “always welcome,” said Joy Chen, executive director of the Eaton Fire Survivor’s Network, a coalition of more than 10,000 Eaton and Palisades fire survivors, but it’s not the primary concern for those trying to rebuild.“The number one barrier to Eaton and Palisades fire survivors right now is money,” said Chen, as survivors struggle to secure payouts from insurance companies and face staggering gaps between the money they have to rebuild and actual construction costs.Nearly one-third of survivors cited rebuild costs and insurance payouts as primary obstacles to rebuilding in a December survey by the Department of Angels, a nonprofit that advocates for LA fire survivors, while 21% mentioned permitting delays and barriers.In addition, Trump’s executive order also directs U.S. Homeland Security Secretary Kristi Noem and FEMA acting administrator Karen Evans to audit California’s use of Hazard Mitigation Grant Program funding, a typical add-on in major disasters that enables states to build back with greater resilience. The audit must be completed within 60 days, after which Noem and Evans are instructed to determine whether future conditions should be put on the funding or even possible “recoupment or recovery actions” should take place.Trump has not approved a single request from states for HMGP funding since March, part of a wider effort to reduce federal funding for climate mitigation. This story has been corrected to reflect that Trump last approved an HMGP request in March, not February. Christopher Weber and Gabriela Aoun Angueira, Associated Press
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E-Commerce
Dutch semiconductor chip machine maker ASML recorded a record net profit of 9.6 billion euros ($11.5 billion) in 2025 on sales of 32.7 billion euros fueled by AI-driven demand, the company reported Wednesday as it also announced plans to slash its workforce by about 1,700, about 4% of its workforce.The growth comes despite Dutch government restrictions on exports of machines that can be used to make chips that can be integrated into weapons systems. The measures, initially announced in 2023 and later expanded, are seen as part of a U.S. policy that aims at limiting China’s access to such technology.“In the last months, many of our customers have shared a notably more positive assessment of the medium-term market situation, primarily based on more robust expectations of the sustainability of AI-related demand. This is reflected in a marked step-up in their medium-term capacity plans and in our record order intake,” ASML President and Chief Executive Officer Christophe Fouquet said in a statement.In a message to employees, the company said it was cutting jobs in order to become more streamlined and efficient. It said ASML was “choosing to make these changes at a moment of strength for the company. Improving our processes and systems will allow us to innovate more and innovate better, generating further responsible growth for ASML and our stakeholders.”The job cuts are intended to sharpen ASML’s focus on engineering and innovation by streamlining the company’s technology and IT departments, the message said.The company said it expects 2026 to be “another growth year for ASML’s business” driven by sales of its extreme ultraviolet lithography systems. Associated Press
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