Rubio's Coastal Grill, a popular taco chain, has filed for Chapter 11 bankruptcy protection after closing 48 California locations due to the high costs of doing business in the state. The bankruptcy filing marks the second time Rubio's has filed for bankruptcy since 2020, with declining sales and rising business costs cited as contributing factors. The chain plans to sell to its lender amid financial challenges.
Rubio’s California Grill, known for its fish tacos, closed 48 of its nearly 134 locations at the end of May, due to California's increase to $20 minimum wage, per NYP.
Rubio’s Coastal Grill files for Chapter 11 bankruptcy protection https://t.co/nl9GKpke6W
Rubio’s Coastal Grill this week made its second bankruptcy filing in four years, less than a week after closing 48 California restaurants in a climate of declining sales and rising business costs. https://t.co/m4K7KsQUf5
Rubio's files for bankruptcy days after closing more than a dozen restaurants in San Diego. Thanks @loriweisberg for including my thoughts in this piece. #restaurant #fastcasual #SanDiego #California https://t.co/s3ZO1hNq0i
The operator of Rubio’s Coastal Grill filed for bankruptcy with plans to sell the chain to its lender https://t.co/7QHwlaZJSr
California-based Rubio's Coastal Grill files for bankruptcy https://t.co/awGjkTSuJj
Rubio's files for bankruptcy days after closing more than a dozen restaurants in San Diego - #SanDiego #retail #restaurants #fastfood https://t.co/8Zyxb56Blj
Thanks to @loriweisberg and @sdut for my quotes on this unfortunate matter. Note the implication that franchisees must continue to operate profitable or not. RT: Rubio's files for bankruptcy days after closing more than a dozen restaurants in San Diego https://t.co/XC18vUvjKD
Rubio's Coastal Grill files for second bankruptcy since 2020 https://t.co/RCblzooZNh https://t.co/0SxlWqMYoj
California fish taco chain Rubio’s Coastal Grill files for bankruptcy after minimum wage law cripples business https://t.co/a5afAQrLZR https://t.co/2N6rpAMDbt
Bankruptcy filings this year: Red Lobster, Tijuana Flats, Oberweis Dairy and now the fast-casual chain Rubio's. Chapter 22 for Rubio's. https://t.co/G8q2W5V347
Rubio’s Coastal Grill files for Chapter 11 bankruptcy protection. Rubio’s Chapter 11 filing comes less than a week after the fast casual concept abruptly closed nearly 50 California locations. https://t.co/dYkQM25RKA https://t.co/V4IyutDfT2
Rubio's Coastal Grill, a popular taco chain, closes 48 California locations because it's unaffordable to do business in the state https://t.co/XS0aOCdnwA