Popular Mexican chain closes all restaurants, no bankruptcy yet
The Mexican restaurant chain closed all its locations after government officials seized company assets.
Financial wound of Mexican restaurant chains has spilled over from 2024 into 2025, which has resulted in different dining companies filing for Chapter 11 economic ruin protection, closing areas, and some going out of substitute.
The most excellent Mexican chain to face economic hardship to date this year is Atlanta-based On The Border Mexican Grill & Cantina, which on March 4 filed for Chapter 11 protection, looking for to promote its sources to a prepetition lender.
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