América Retail | Homepage
Tuesday, January 24, 2017

La primera comunidad del retail en Latinoamérica

USA: Tex-Mex chain Don Pablo’s files bankruptcy papers

USA: Tex-Mex chain Don Pablo’s files bankruptcy papers

octubre 6, 2016

👤Periodista: María Alejandra Lopez 🕔06.Oct 2016

 

Don Pablo’s, a chain of Tex-Mex restaurants, has filed for Chapter 11 bankruptcy protection in San Antonio after being hit hard by more competition in the Mexican casual dining segment, according to court documents.

At one point, Don Pablo’s had 120 locations throughout the United States after being founded in 1985, making it the second largest full-service Mexican restaurant chain in the U.S. during the 1990s, according to the filing U.S. Bankruptcy Court. Now, its website lists it as having restaurants in nine states, mostly in the East and Midwest.

Also Read: Kmart is not closing 

John Mitchell, attorney for Rita Restaurant Group, which operates Don Pablo’s, said in court documents filed Tuesday that efforts to improve financial performance have been “adversely impacted by the overall weakness in the casual dining environment.”

“The casual dining industry is highly competitive and faces increased competition from fast-casual dining options,” Mitchell said in the documents. “Despite the relatively steady economy in most of the United States, the casual dining environment remains depressed.”

Additionally, Mitchell said Moe’s Southwest Grill, Panchero’s Mexican Grill, Qdoba and Chipotle Mexican Grill, among others, have added pressure to Mexican casual dining.

The “Mexican” meal is available in “new and substantially more locations,” Mitchell said.

Also Read: Amazon may be exploring a new way to surrender privacy 

Court documents indicate Rita’s Restaurant Group holds between $1 million and $10 million in estimated liabilities.

One way to cut costs, Mitchell said in the filing, was to close locations.

Source: USA Today

Articulos relacionados

USA: What does a Trump presidency mean for tech?

USA: What does a Trump presidency mean for tech?

enero 23, 2017

  The eight-year bromance between Barack Obama -- who appointed the first chief technology officer for

USA: A las mayores cadenas de comercio les llegó la hora

USA: A las mayores cadenas de comercio les llegó la hora

enero 23, 2017

  No para la mala racha para las tradicionales tiendas de comercio en Estados Unidos. En

USA: Sam’s Club challenges Amazon Go with Scan & Go app

USA: Sam’s Club challenges Amazon Go with Scan & Go app

enero 23, 2017

  Warehouse retailer Sam’s Club is expanding the use of its Amazon Go-type store solution that allows

USA: Sanción multimillonaria para Costco

USA: Sanción multimillonaria para Costco

enero 23, 2017

  El distribuidor norteamericano Costco Wholesale deberá pagar una multa de 11.750 millones de dólares (11.050

USA: What President Trump means for retailers

USA: What President Trump means for retailers

enero 23, 2017

  After a long election night that defied many pollsters' predictions, Donald J. Trump is the

Últimas Noticias

Newsletter

SECTIONS

América Retail