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On August 24, 2010, Rubio's Restaurants, Inc. announced the closing of its merger with a subsidiary of Mill Road Capital, L.P. to take the company private. Rubio's former stockholders were to receive $8.70 per share in cash in the transaction. Rubio's first restaurant in Colorado open in 1999. [6]
On Monday, Rubio's confirmed that it had closed 48 of its California restaurants on Friday — more than a third of its already slimmed-down chain of 134 restaurants. Rubio's, in a statement ...
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 ...
Rubio's Restaurants (RUBO), owner of the Rubio's Fresh Mexican Grill chain, has agreed to go private in a transaction worth about $91 million, or $8.70 per share. The private equity sponsor of the ...
Rubio's / FacebookOver the last few months, the restaurant industry has been hit with a slew of closures. And another restaurant chain just got added to the list.Rubio's Coastal Grill, the fast ...
In August, Rubio’s agreed to a sale to an affiliate of TREW Capital, one of its lenders. The restaurant company previously filed for Chapter 11 bankruptcy in 2020. Melt Bar & Grilled
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Chain of Closure. As of 2023, there are 200,859 fast-food restaurant businesses in the U.S. — a staggering number to compete with. However, financial upheaval in 2020 and 2021, along with the ...