On the Mexican grill border AND Cantina has requested bankrupt protection, citing pressure of inflation and change customer behavior.
The chain, owned by Argonne Capital Group, based in Atlanta, was presented on Tuesday at the Federal Banking Court in Northern Georgia. It joins several other casual chains that have requested bankruptcy protection during the last year, including Red lobster and TGI Friday.
In judicial documents, he said on the border Customers had dinner Less in recent years as it exceeded the inflation of restaurants edible prices. The chain said it rose minimum wage In many states he also joined his costs, and has struggled to recruit and retain workers.
Last month, 40 locations closed on the border. It still operates 60 restaurants in 18 states, which will remain open while bankruptcy continues. The franchisees manage 20 additional restaurants in the United States and South Korea, the company said.
On the border he said he hopes to complete a sale of his assets soon.
On the border he opened his first restaurant in Dallas in 1982. In 1994, he was acquired by the owner of Chili Brinker International, who began opening franchisee places. For 2001, on the border he had more than 100 restaurants in the United States, he expanded to South Korea in 2007.
Brinker sold Golden Gate Capital on the border in 2010, and Golden Gate sold the chain to Argonne in 2014.
