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The Latest Breaking News from Steven Marks

AAP Rolling News Bulletin May 22, 1300

AAP Rolling News Bulletin for May 22 at 1300

Guzman y Gomez exits US after succumbing to ‘graveyard’ for Australian fast food chains

Guzman y Gomez exits US after succumbing to ‘graveyard’ for Australian fast food chains

Company founder Steven Marks says US stores will close as it can no longer justify cost of trying to break into crowded market

The Guardian - AU

AAP Rolling News Bulletin May 22, 1230

AAP Rolling News Bulletin for May 22 at 1230

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FED:Adios! Aussie fast food chain suddenly exits US

An Australian-born, Mexican-themed fast-food chain has suddenly exited the United States market after years of trumpeting its expansion plans.

Taco 'bout a bad time: Aussie chain ditches US ambition

Shares in an Aussie-born Mexican fast-food chain have surged after it ditched its plan to crack the competitive US market, where Chipotle and Taco Bell rule.

Guzman y Gomez keeps expansion on the menu despite increased US losses rattling investors

GYG shares plummet by more than 20% on ASX despite global sales in the Sydney-based restaurant chain passing $1bn, as co-CEOs say ‘we are seeing momentum’ in American market

The Guardian - AU

Peter Dutton rules out return to politics in rare public appearance – as it happened

This blog is now closed

The Guardian - AU

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Guzman y Gomez struggling to break into US market despite offering bigger burritos

Guzman y Gomez struggling to break into US market despite offering bigger burritos

‘US sales aren’t growing as fast as we’d like … it takes time,’ founder says, while analyst notes target market ‘not exactly short of Mexican food options’

The Guardian - AU

GYG's first earnings give investors food for thought

GYG's first earnings give investors food for thought

Investors ate up better-than-expected sales at fast food chain Guzman Y Gomez, which hit a record high following its first earnings result since going public.

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Shares in Guzman y Gomez are set to begin trading on the Australian Securities Exchange as the company sets course to open new restaurants across the country.

Turns Out Most Of Guzman Y Gomez’ Branding Is A Spicy Mess Of Cultural Appropriation And Lies

Turns Out Most Of Guzman Y Gomez’ Branding Is A Spicy Mess Of Cultural Appropriation And Lies

Founders of Guzman Y Gomez have admitted that the history behind the iconic Mexican fast-food brand was "completely fabricated."

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