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Real Mex Restaurants

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BUSINESS
August 24, 2006 | From Bloomberg News
Real Mex Restaurants Inc., which operates the Chevys and El Torito chains, was purchased by a unit of buyout firm Sun Capital Partners Inc. for $359 million in cash. Real Mex agreed to be bought by the Sun Capital affiliate Aug. 17 and the transaction closed Monday, the Cypress-based restaurant group said Wednesday in a filing with the Securities and Exchange Commission. Real Mex operates 196 company-owned restaurants in 13 states and 50 franchised locations in the U.S. and other countries.
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BUSINESS
March 28, 2012 | By Tiffany Hsu
Chevys Fresh Mex doesn't want to be the same chain it was a few years ago, saddled as it was with poor food quality, a rotating roster of owners, a struggling service staff and an outdated brand. But its parent company, Cypress-based Real Mex Restaurants, exited Chapter 11 bankruptcy last week after a group of investors acquired an 85% stake in a $129-million deal. On the heels of the restructuring, Chevys president Brian Wright says the 26-year-old chain is in the midst of a heavy makeover.
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BUSINESS
April 8, 2009 | Jerry Hirsch
Struggling with a large debt load and customers who are tightening their spending in recession, the new owners of the El Torito family of restaurants Tuesday named a new chief executive to help turn the firm around. Real Mex Restaurants Inc. has tapped industry veteran Richard E. Rivera to lead the Cypress-based company, whose holdings include the El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco Mexican Restaurant chains.
BUSINESS
October 4, 2011 | Bloomberg News
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.
BUSINESS
December 21, 2004 | Julie Tamaki
A federal bankruptcy judge approved the sale of Chevys Inc. to a subsidiary of Real Mex Restaurants, the Long Beach-based parent of the Acapulco and El Torito Mexican chains. The sale of 106 Chevys Fresh Mex and 10 Fuzio Universal Pasta eateries is valued at more than $90 million, Emeryville, Calif.-based Chevys said. The deal is expected to close in January. Julie Tamaki
BUSINESS
October 4, 2011 | Bloomberg News
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.
BUSINESS
October 23, 2004 | Julie Tamaki, Times Staff Writer
The parent company of the Acapulco and El Torito Mexican restaurant chains is angling to buy rival Chevys Fresh Mex. Long Beach-based Real Mex Restaurants has agreed to acquire Chevys Inc.'s Chevys Fresh Mex restaurants and Fuzio Universal Pasta. The deal includes $78 million in cash, a minority interest in Real Mex and assumption of liabilities, said Michael Gottfried, a Los Angeles lawyer representing Chevys in its bankruptcy proceedings. Chevys, based in Emeryville, Calif.
BUSINESS
March 28, 2012 | By Tiffany Hsu
Chevys Fresh Mex doesn't want to be the same chain it was a few years ago, saddled as it was with poor food quality, a rotating roster of owners, a struggling service staff and an outdated brand. But its parent company, Cypress-based Real Mex Restaurants, exited Chapter 11 bankruptcy last week after a group of investors acquired an 85% stake in a $129-million deal. On the heels of the restructuring, Chevys president Brian Wright says the 26-year-old chain is in the midst of a heavy makeover.
OPINION
October 21, 2011
One human life Re "One man's joy is another's anguish," Oct. 19 The recent prisoner swap of Israeli soldier Gilad Shalit for more than 1,000 Palestinian criminals should establish only one compelling truth: Israel values a single human life above all else. The Palestinian prisoners who were released, however, have far different moral standards, exemplified in statements made by released murderer Fouad Abu Amrin justifying his random stabbing of a 15-year-old girl.
BUSINESS
June 22, 2011 | By Sharon Bernstein, Los Angeles Times
Call it sticker shock. Deborah Jourdan just can't stomach the menu at California Pizza Kitchen anymore. But the problem is not the price or the food. It's the calories. "I looked at the menu, and it said there were 1,100 calories in a plate of pasta," the 22-year-old North Hollywood resident said. Salads can run 1,400 calories or more. Pizza? Up to 1,500. That was earlier this year, and she hasn't been back since. "I don't think I'd go back there now," said Jourdan, eating a salad and a cookie at Panera Bread in Burbank, "because I'd be afraid there would be nothing for me to eat. " It's a scenario that worries restaurateurs across the nation.
BUSINESS
April 8, 2009 | Jerry Hirsch
Struggling with a large debt load and customers who are tightening their spending in recession, the new owners of the El Torito family of restaurants Tuesday named a new chief executive to help turn the firm around. Real Mex Restaurants Inc. has tapped industry veteran Richard E. Rivera to lead the Cypress-based company, whose holdings include the El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco Mexican Restaurant chains.
BUSINESS
August 24, 2006 | From Bloomberg News
Real Mex Restaurants Inc., which operates the Chevys and El Torito chains, was purchased by a unit of buyout firm Sun Capital Partners Inc. for $359 million in cash. Real Mex agreed to be bought by the Sun Capital affiliate Aug. 17 and the transaction closed Monday, the Cypress-based restaurant group said Wednesday in a filing with the Securities and Exchange Commission. Real Mex operates 196 company-owned restaurants in 13 states and 50 franchised locations in the U.S. and other countries.
BUSINESS
December 21, 2004 | Julie Tamaki
A federal bankruptcy judge approved the sale of Chevys Inc. to a subsidiary of Real Mex Restaurants, the Long Beach-based parent of the Acapulco and El Torito Mexican chains. The sale of 106 Chevys Fresh Mex and 10 Fuzio Universal Pasta eateries is valued at more than $90 million, Emeryville, Calif.-based Chevys said. The deal is expected to close in January. Julie Tamaki
BUSINESS
October 23, 2004 | Julie Tamaki, Times Staff Writer
The parent company of the Acapulco and El Torito Mexican restaurant chains is angling to buy rival Chevys Fresh Mex. Long Beach-based Real Mex Restaurants has agreed to acquire Chevys Inc.'s Chevys Fresh Mex restaurants and Fuzio Universal Pasta. The deal includes $78 million in cash, a minority interest in Real Mex and assumption of liabilities, said Michael Gottfried, a Los Angeles lawyer representing Chevys in its bankruptcy proceedings. Chevys, based in Emeryville, Calif.
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