Fast casual restaurant chain specializing in coastal Mexican food
Force 10 led the successful restructuring of Rubio’s Coastal Grill, a popular casual dining chain known for its coastal Mexican cuisine.
In June 2024, Rubio’s Coastal Grill, a San Diego-based fast-casual restaurant chain renowned for its fish tacos, faced significant financial challenges due to rising operational costs, including increased food, utility, and labor expenses. These economic pressures led the company to file for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware (Case Number: 24-11164). To navigate this complex restructuring process, Rubio’s retained Force 10 to provide a Chief Restructuring Officer (CRO) and comprehensive restructuring advisory services. As part of the reorganization efforts, Rubio’s closed underperforming locations to streamline operations and reduce costs. The remaining company stores were sold to an affiliate of TREW Capital Management.
