Rubio's Coastal Grill has filed for Chapter 11 bankruptcy protection days after closing 13 locations in San Diego. The company cited declining in-store traffic due to work-from-home trends, rising food and utility costs, and increased minimum wage as factors contributing to its financial difficulties. Rubio’s plans to proceed with a court-supervised sale process within 75 days.
Rubio’s Coastal Grill has filed for Chapter 11 bankruptcy days after announcing they've closed 13 locations in San Diego .
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 Bankruptcy Chapter 11 Restaurant Industry San Diego
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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.
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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.
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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.
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