Rubio’s Coastal Grill has filed for Chapter 11 bankruptcy days after announcing they've closed locations in Los Angeles, San Diego and Northern California.
Rubio’s Coastal Grill has filed for Chapter 11 bankruptcy days after announcing they've closed locations in Los Angeles, San Diego and Northern California.
Rubio's will be entering a court-supervised sale process which they expect will be completed within 75 days. The company is seeking court approval to continue operations during the sale process.
Co-founder Ralph Rubio will continue with the company and will provide"his usual inspiration and energy going forward," the company said.Rubio's said that daily operations at its remaining 86 Rubio's restaurants in California, Arizona and Nevada will continue with business as usual.Rubio's Coastal Grill cited the rising cost of doing business in California as one of the reasons for the closures, such as this shuttered location on Clairemont Mesa Boulevard in San Diego.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rubio's files for Chapter 11 bankruptcy after closing 13 locations in San DiegoSan Diego-founded Rubio’s Coastal Grill has filed for Chapter 11 bankruptcy days after announcing they've closed 13 locations in San Diego.
Read more »
Rubio's Coastal Grill, citing rising business costs, abruptly shuts down 48 restaurants in CaliforniaCarlsbad-based Rubio's said it would keep operating 86 remaining restaurants in California, Arizona and Nevada. Employees say they were given no notice.
Read more »
'The Strangers: Chapter 2' Will Follow Shortly After 'Chapter 1' Hits TheatersThe three masked Strangers
Read more »
'Horizon: An American Saga' Chapter 3 Will Start Filming Before We Get Chapter 1Kevin Costner in Horizon: An American Saga
Read more »
Forget Coastal Grandma, This Is the Summer of Coastal French GirlYou've heard of Coastal Grandma and French Girl trends, but Summer 2024 is going to be all about Coastal French Girl. Here's how you can embody the tropical meets European aesthetic without getting on a plane.
Read more »
Teen Mom: The Next Chapter Season 2 Trailer - Teen Mom: The Next Chapter (Video Clip)Get ready for a mom-umental return when Teen Mom: The Next Chapter Season 2 premieres.
Read more »