Afternoon Update: Guzman y Gomez quits US; Victorian man dies on Inca Trail; and Studio Ghibli-esque home torn down

Guzman y Gomez has told shareholders the performance of its US stores has not been acceptable. Photograph: Jaimi Joy/Reuters

Good afternoon.

Guzman y Gomez is closing its US business after failing to establish itself in a market already rich with Mexican food, confirming the American country’s reputation as a “graveyard” for Australian fast food companies.