Guzman y Gómez to Exit US Market Amid Financial Underperformance
Mexican-themed fast food chain Guzman y Gómez (GYG) has decided to exit the U.S. market due to poor financial performance and failure to meet sales targets, closing its Chicago restaurants immediately. The company will focus on growth in Australia, where it plans to open 32 new locations this fiscal year and expects a significant increase in EBITDA.
Topics: international operations market exit restaurant industry