Bankruptcies Surge: Is the Mexican Chain restaurant in the US Oversaturated?
The Mexican restaurant industry in the United States is facing significant challenges, with several major chains filing for Chapter 11 bankruptcy in recent months. El Burro Loco, Abuelo’s Mexican Restaurant, and On the Border chain are among the latest casualties, citing macroeconomic factors, rising costs, labor challenges, and falling sales. This trend has sparked concerns…