Why did Chevys go out of business?
Subsequently, one may also ask, did Chevys go out of business?
Chevys, Acapulco Restaurant y Cantina, and El Torito's parent company filed for chapter 11 on Tuesday. Though the company is in the midst of filing for bankruptcy, the company says the aforementioned restaurants will remain open during the company's acquisition.
Secondly, what happened to Chevys Mexican Restaurant? U.S. Chevys Fresh Mex is an American chain of Mexican-style casual dining restaurants located in the United States. The chain was owned by Real Mex Restaurants, Inc. until its August 7, 2018 bankruptcy and acquisition by Z Capital and Tennenbaum Capital Partners.
In this regard, why did Chevys close down?
Chevys Fresh Mex in Rocklin has shut its doors. A sign at the Mexican restaurant at 6604 Lonetree Blvd. Earlier this month, The Mercury News reported that Cypress-based Real Mex, the parent company of Chevys, filed for Chapter 11 bankruptcy. Real Mex said its restaurants would continue to operate as usual.
Is Chevys a franchise?
About Chevys Fresh Mex Headquartered in Union City, Calif., Chevys Fresh Mex is owned by Real Mex Restaurants and operates 42 corporate and 18 franchised restaurants from coast to coast.