March 29, 2000 |
Prandium Inc., an Irvine restaurant holding company awash in debt, said Tuesday that it is selling its flagship El Torito restaurants for $130 million to an investment group that owns the rival Acapulco restaurant chain in Long Beach. The deal marks one of several involving Orange County-based restaurant chains in recent months, including El Pollo Loco and Marie Callender Pie Shops Inc. Two other Irvine-based chains, Coco's and Carrows, have been put up for sale by Advantica Restaurant Group.
October 4, 2011 |
RM Restaurant Holding Corp., owner of the Mexican restaurant chains Chevys, El Torito and Acapulco, sought bankruptcy protection from creditors saying the U.S. economic slowdown led to a decline in sales. The Cypress-based company, with 178 restaurants, listed assets of $272.2 million and debt of $249.9 million in a filing in U.S. Bankruptcy Court in Wilmington, Del. Sun Capital Partners Inc. and Farallon Capital Management own stakes in the company, according to court papers. "Coinciding with the broader economic downturn in the U.S. " the restaurants "have experienced fewer dining guests," Chief Financial Officer Richard P. Dutkiewicz, representing affiliates including Real Mex Restaurants Inc., said in a filing.
August 8, 1985
As previously announced, the chain will be acquired by Restaurant Associates Industries through a merger of Acapulco and a newly created unit of RAI. Acapulco shareholders will receive one share of a new issue of RAI non-voting, convertible preferred for each share of Acapulco common. The preferred will be convertible into a new class of RAI common, Class A.
July 19, 1998 |
It was supposed to be a brief stop at the Primadonna casino, 43 miles south of Las Vegas, but one poker game led to another. By 3 a.m. May 25, 1997, Jeremy Strohmeyer and David Cash were tired of hanging around the arcade, waiting for David's dad. Bored, the two 18-year-olds decided to urinate on two coin-operated games. David chose Big Bertha, whose polka-dot dress flared when players hurled balls into her gaping red mouth. Jeremy selected a helicopter game. Then a wall socket.
December 2, 1990
The Monrovia Schools Foundation on Tuesday sponsored a football rally in honor of Acapulco restaurant, which has donated $20,000 for the rebuilding of the Monrovia High School Stadium. The foundation is concluding a yearlong campaign to raise funds for the project. The Acapulco will have its name placed on the stadium scoreboard.
November 22, 1985
Hilda Ulloa, former vice president and chairman of the board of the Hollywood Foreign Press Assn. has been elected president of the Fraternidad de Damas Hispanas, a newly founded philanthropic organization composed of prominent women of Latin descent who reside in Los Angeles. The group last weekend held its first fund-raiser, a party at the Acapulco Restaurant, to benefit Mexico's earthquake victims.