Mexican Restaurant Chain Faces Bankruptcy Amid Industry Challenges
TL;DR Summary
Abuelo's Mexican Restaurant, once with 40 locations, has filed for Chapter 11 bankruptcy and reduced its operations to 16 stores due to declining sales, rising costs, and changing consumer preferences, as part of a strategic restructuring to improve its financial position.
Topics:business#abuelos#bankruptcy#financial-struggles#food-and-dining#mexican-cuisine#restaurant-closures
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- Chain Mexican Restaurants in Crisis: Abuelo's Bankruptcy Exposes Industry Struggles International Business Times UK
- Another Mexican restaurant chain files Chapter 11 bankruptcy TheStreet
- Why is Abuelo’s closing 24 restaurants? Reason explained primetimer.com
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