Mexican food chain On The Border closes 40 restaurants

Mexican food chain On The Border closes 40 restaurants, files for bankruptcy protection
On the Border Mexican Grill & Cantina filed for Chapter 11 bankruptcy protections after closing 40 restaurant locations.
Major Tex-Mex Chain Just Filed for Bankruptcy After Closing Dozens of Locations
On the Border, founded in 1982 in Dallas, Texas, is operated by Argonne Capital Group. The company also owns Applebee's, IHOP, and Wingstop restaurants, as well as Planet Fitness and other franchises, under its wing.
On the Border Mexican Grill & Cantina Files for Bankruptcy Amid Economic Challenges
On the Border Mexican Grill & Cantina files for bankruptcy amid financial challenges and changing dining habits.
On The Border Becomes the Latest Restaurant Chain in Bankruptcy
On The Border Mexican Grill & Cantina became the latest US casual-dining chain to file for bankruptcy amid surging labor costs, falling customer traffic and inflationary pressures.
Tex-Mex restaurant chain On The Border files for bankruptcy
On The Border, a casual Tex-Mex dining chain, filed for Chapter 11 bankruptcy this week. The company currently operates around 60 locations across the United States, including one in Memphis, and these locations are expected to remain both open and operational during the process.
Tex-Mex chain On the Border, which started in Dallas in 1982, seeks bankruptcy protection
On the Border Mexican Grill & Cantina has filed for bankruptcy protection, citing pressure from inflation and changing customer behavior.
On the Border Mexican restaurant chain files bankruptcy. What will happen to CT location?
On the Border Mexican Grill & Cantina, a Tex-Mex restaurant chain with locations around the country, including one in Connecticut, filed for Chapter 11 bankruptcy this week. In a press release, the company said it "intends to use the proceedings to drive operational improvements and pursue a sale of substantially all of its assets."
Why On the Border filed for bankruptcy
Another casual-dining chain has filed for bankruptcy. The latest episode of the Restaurant Business podcast The Week in Restaurants features a discussion on the bankruptcy of On the Border, the fourth casual-dining chain to declare Chapter 11 in less than a year. A fifth could be coming.
Popular Chili’s competitor and Tex-Mex chain just filed for Chapter 11 bankruptcy
Popular Tex-Mex chain On The Border Mexican Grill & Cantina filed for Chapter 11 bankruptcy on Tuesday, March 4. The brand owned by Atlanta’s Argonne Capital Group said inflation was to blame for the bankruptcy protection filing, which has been a challenge for many similar chains.
On The Border chain files for bankruptcy; closes restaurants
This restructuring is the best path forward for On The Border. It allows us to address several financial and operational challenges and emerge stronger and refocused on our growth," the company said.
On The Border Mexican Grill & Cantina files for bankruptcy
Mexican casual dining chain On the Border Mexican Grill & Cantina has filed for Chapter 11 bankruptcy in the US, highlighting persistent challenges within the foodservice sector. The company's recent filing in the Georgia Northern District bankruptcy court reveals assets and liabilities between $10m and $50m.
The Oakland Press on MSN1h
On The Border restaurant closes 2 Oakland County locations
On The Border Mexican Grill & Cantina, a national restaurant chain, has filed for Chapter 11 bankruptcy protection and closed several Michigan locations, including two in Oakland County. Locations at ...
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After seeking Chapter 11, On The Border says it’s open for business
On The Border said it has secured $10 million in debtor-in-possession financing from one of its lenders to fund the Chapter ...