Rubio Bankruptcy – NBC 7 San Diego

Carlsbad-based fast casual Mexican-food chain Rubios Restaurants filed for bankruptcy in Delaware on Monday.

Rubio confirmed the filing in a statement released Monday:

“Rubio’s Rest’s Rent… announced today that it has reached an agreement on a comprehensive financial restructuring to reinvest the company with funds sponsored by its sponsor, Mill Road Capital, and its lender, Golab Capital. Curry voluntarily filed petitions in the United States Bankruptcy Court for the Delaware District under Chapter 11 of the U.S. Bankruptcy Code, with the consent of his lender. “

There are more than 150 locations in the chain with more than 3,500 workers in California, Arizona and Nevada. He runs about half a dozen restaurants in his hometown of Carlsbad and around San Diego County for dozens of others.

Rubio’s spokeswoman Anita-Marie Laurie said Monday that the company wants to emphasize dinner that “our rest restaurants rent is open as usual.”

The company said in a statement Monday that more than two dozen locations – most of them in Florida and Colorado – that had been closed due to the epidemic would be closed permanently. A “small number” of other locations still closed due to the epidemic could be closed again as the ban is relaxed.

The company’s founder Ralph Rubio maintained a positive tone in the quote thanking him in a statement on Monday.

“COVID-19, like most businesses, has had a significant impact on Rubio, and I’m proud of how I have responded to the challenge. Our investments in critical digital technologies in 2019, including critical online ordering, a mobile application, a new loyalty program and the delivery of Rubio, allow us to move faster under various state and county restrictions. . This restructuring plan creates the long-term financial stability we need to continue to serve our communities for years to come. “

According to company Bio, the first Rubio opened its doors in Mission Two in 1983.