Guzman y Gomez Pulls Out of US Expansion

Guzman y Gomez, an Australian Mexican fast-casual chain, is halting its US expansion, closing eight Chicago locations due to intense competition from Taco Bell and Chipotle. The co-founder, Steven Marks, cited strategic and real estate challenges, resulting in a $30-40 million loss. Despite US setbacks, the companys Australian business thrives, with plans to open 32 new stores and expand internationally in Singapore and Japan. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a676e8303402060c