Guzman y Gomez Announces Exit from U.S. Market; Shares Surge Over 20%
Shares of Guzman y Gomez (GYG.AX) surged as much as 20% after the fast-food chain announced its decision to exit the U.S. market and refocus on Australia, citing insufficient returns for shareholders in the U.S. The company will immediately cease operations at its Chicago restaurants.
Tickers: $CMG
Topics: fast-food international expansion restaurant share price movement