- Guzman y Gomez, an Australian-based Mexican restaurant chain, has abruptly closed all of its U.S. locations.
- The decision affects eight restaurants in the Chicago area, which were the only U.S. locations the chain had opened.
- Founder and CEO Steven Marks stated the U.S. business was not generating sufficient returns to justify continued investment.
- Marks noted that achieving success in the U.S. market would require significantly more time and capital than initially anticipated.
- The closure was effective May 22, with the company inviting U.S. customers to visit its international locations in Australia, Singapore or Japan.
IN FULL
Mexican restaurant chain abandons plans to expand and closes all US locations
