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El Torito

Food

Beef, breakfast and dessert rule the top 10 LTOs

Consumers are most likely to purchase familiar favorites in 2020.

Financing

El Torito owner buys 2 more casual Mexican brands

The deal expands Xperience Restaurant Group’s holdings to nine brands and 62 restaurants.

Xperience Restaurant Group, which bought Real Mex out of bankruptcy last year, is generating quicker-than-expected sales growth and is looking for more, says RB’s The Bottom Line.

Z Capital completes the purchase of what was called Real Mex Restaurants out of bankruptcy court.

Ned Algeo was also named CFO of FM Restaurants, which acquired the owner of El Torito and Chevy’s Fresh Mex for $47 million out of bankruptcy.

As sales continue to weaken, restaurant chains hope mergers will keep them afloat, says RB’s The Bottom Line.

Real Mex Restaurants files for debt protection and has a buyer willing to pay $47 million.

More than half of the restaurant industry’s $491 billion in sales come from the Top 500 chains. And these giants grew at a modestly stronger rate, both in terms of sales and store counts, than the industry overall. Restaurant Business focused on the leading 250 performers to identify trends for our first-ever special report delivering lessons from Technomic’s annual Top 500 Chain Restaurant Report. This special package includes lessons for all operators from the largest chains by segment, menu category and more.

A concept serving authentic, freshly prepared Mexican food in an energetic atmosphere

Cano is credited with giving many Americans their first taste of Mexican specialties.

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