Loading...
Business

Real Mex Files For Bankruptcy

Comments (0)

By

Thu, Oct 13, 2011 at 3:34 PM
click to enlarge COURTESY OF EL TORITO.
  • Courtesy of El Torito.

If you've ever wondered why the food at El Torito, Chevy's and Acapulco tastes remarkably similar, it's because they all have the same corporate parent, Real Mex Restaurants, Inc.. The company, which owes $49 million to its employees and food suppliers but only has $1 million cash on hand, recently filed for bankruptcy in Delaware, reports Reuters.

The bankruptcy will affect more than 200 restaurants, most of which are concentrated in California and other western states, according to Total Bankruptcy.

Real Mex isn't the only victim of a bad economy, rising food costs and shrinking demand. In June of this year, Marie Callendar's filed for bankruptcy, and last year, Koo Koo Roo closed several of its California locations.

[@elinashatkin / eshatkin@laweekly.com]

Related Content

Related

Now Trending

Slideshows

  • Malibu Pier Restaurant and Bar
    Malibu Pier Restaurant and Bar, with chef Jason Fullilove at the helm, is in the two buildings at the pier’s entrance that used to be Beachcomber Cafe and Ruby’s Diner. Those buildings, which have been overhauled completely, reflect both the pier’s 109-year-old history and the cultural import of Malibu itself.
  • The Tasting Menu Trend
    In Los Angeles especially, but increasingly across the country, restaurants are either switching to tasting menus, putting a greater focus on a tasting-menu option (while offering à la carte items as well), or opening as tasting-menu operations from day one. The format that used to be the calling card of only the fanciest of restaurants is becoming ubiquitous, even at places where the waiter calls you “dude” and there isn’t a white tablecloth in sight.
  • Milo's Kitchen: A Treat Truck for Dogs
    Milo's Kitchen, a part of California-based Big Heart Pet Brands, is taking its homestyle dog treats on the road this summer with the "Treat Truck." The dogified food truck is making stops all over the country, ending up in New York early September. The truck stopped at Redondo Beach Dog Park Friday morning entertaining the pups with treats, a photo-booth and play zone. Milo's Kitchen Treat Truck offered samples of the line's six flavors, all with chicken or beef as the first ingredient, and all made in the U.S.A. with no artificial colors or preservatives. All photos by Nanette Gonzales.