86 Locations in California, Arizona and Nevada Continue Normal Operations Iconic 41-year-old Fast-Casual Chain Receives New Financing SAN DIEGO, June 5, 2024 /PRNewswire/ — Rubio’s Restaurants, Inc. (the “Company”), a fast casual restaurant chain specializing in coastal Mexican food, best known for its award-winning Original Fish Taco®, announced today that it has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company is taking this action to facilitate the sale of the business. The Company has 86 locations in California, Arizona and Nevada that will continue normal operations.Like the restaurant industry overall, Rubio’s has been negatively affected over the past few years by diminishing in-store traffic attributable to work-from-home practices remaining in place, and by rising food and utility costs that, combined with significant increases to the minimum wage in California, put pressure on a number of its locations.”Rubio’s Coastal Grill is one of the legendary fast casual chains with a strong and loyal customer following in its communities,” said Nicholas Rubin, Chief Restructuring Officer of Rubio’s Coastal Grill. “Despite the Company’s best efforts to right-s …
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