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El Torito

Financing

El Torito, Chevys owner changes its name to Xperience XRG

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

Financing

Real Mex Restaurants’ new owner names Randy Sharpe CEO

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.

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

Parent company of this Mexican chain also owns No. 255 chain Chevys

The Mexican category overall saw sales increase by 0.9% to $18 billion and units by 4.1%, to 12,656.

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.

The former Tavistock is taking on the task of reinvigorating such Mexican chains as El Torito and Chevys.

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