At least in the case of ABP, Panera sold the brand to Ampex along with ~500 leases, and of the remaining ABP locations, converted some into Panera concepts and closed down the rest.

To your broader point though, IMO a lot of retail is being right-sized or going through a correction of sorts. Many store concepts are ill-suited for their particular location or companies have too many locations. Latham, specifically, is in a weird location.