Abuelo's, one of America's once-beloved Mexican restaurant chains, has officially filed for Chapter 11 bankruptcy after years of financial stress, falling customer traffic and soaring costs. According to Restaurant Business, the Texas-based chain cited declining sales, labour pressures and shifting dining habits as key factors behind its financial collapse.
The filing, made in the U.S. Bankruptcy Court for the Northern District of Texas, is part of what Abuelo's described as a strategic restructuring process designed to preserve operations while the brand reorganises.
