A popular Mexican chain made major headlines in May when itabruptly closed 48 underperforming restaurants.

This is Rubio’ssecond bankruptcyin just a few years following an earlier Chapter 11 filing during the COVID-19 pandemic.

Rubio’s expects the sale transaction to be completed within 75 days.

Rubio’s Coastal Grill shrimp taco

Rubio’s / Facebook

Rubio’s is only the latest in a string of major bankruptcies shaking up the restaurant industry in 2024.

rubio’s coastal grill exterior

Cassiohabib / Shutterstock