The Australian-founded Mexican chain has spent six years and more than $100 million on its US expansion, but on Friday announced it was shutting down all stores in the country.

In February, Guzman y Gomez told investors that losses in the US had reached $8 million in the first half of the 2026 financial year.

The Australian-founded Mexican chain had spent tens of millions on its US expansion, but announced on Friday it was shutting down all stores in the country.