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Rubio's said it would keep operating 86 remaining locations in California, Arizona and Nevada. Rubio’s was acquired by the private equity firm Mill Road Capital in 2010 for $91 million and taken ...
Rubio's isn't the only fast-casual Mexican restaurant chain to close multiple locations this year. In April, Texas-based Tijuana Flats shuttered 11 restaurants after declaring Chapter 11 bankruptcy.
A few locations prior to the bankruptcy also closed in early 2024, including Walnut and Monrovia. Rubio's did not close any of its Nevada or Arizona locations as part of the bankruptcy. In August 2024, Rubio's was bought by its lender for approximately USD $40 million. [16] In addition, Rubio’s shut down a location in Chino Hills after the ...
At its peak, Rubio’s boasted about 200 restaurants with locations in Colorado and Florida, according to the Los Angeles Times. But the chain suffered during the pandemic, and rising costs led it ...
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
Rubio's Coastal Grill, a fast-casual chain that specializes in tacos and other Mexican fare, abruptly closed 48 of its California locations in late May. The company confirmed the closures in a ...
Rubio’s Restaurants filed for Chapter 11 bankruptcy protection in June. The fast-casual chain, known for its fish tacos, had 86 locations at the time across California, Nevada and Arizona.
The other 65 locations were rebranded as Best Buy. [14] [15] Gamestop Canada: Gaming: 2020–2021: 2: Gymboree: kids' clothing: January 2019: 49 [16] hmv: music: 2017: 97: Debt and declining sales. Sunrise Records purchased 70 of the leases, reopening the stores under their own brand. [17] Holt Renfrew: department: August 2014: 3: Locations in ...