Guzman y Gomez Limited has decided to leave the U.S. market. The Australian chain will stop trading its restaurants and begin an orderly wind-up of operations.
Founder and Co-CEO Steven Marks made the announcement during a shareholder and analyst call on May 21. He described the move as a difficult but necessary step taken by the board. Marks praised the Chicago teams for their work in building the brand and improving guest experience and food quality. The company said it remains committed to supporting staff through the transition with respect and integrity.
