Guzman Y Gomez to Cease All US Operations
The fast-casual chain has closed 8 Chicagoland locations, the company announced this past week.
ground.newsstated pullout from the US market, weaker-than-expected results prompting a concentration on Australia Singapore and Japan. one-off hit to finances, as leadership says the company needs additional time and capital to turn around the US market. Plan is to grow via franchise conversions rather than company-operated stores. Legal action from US employees over closure notice has been reported. The exit comes after closing eight Chicago-area sites this past week, in line with the strategic shift away from the US market toward other regions. Further details were given on timing beyond the closing all US locations and the franchise-led expansion approach.