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Afternoon Update: Guzman y Gomez quits US; Victorian man dies on Inca Trail; and Studio Ghibli-esque home torn down
GyG offered bigger burritos in the US than it does in Australia in an attempt to woo American customers
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afr.com
Guzman Y Gomez calls it quits on US after deepening losses
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.
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theage.com.au
Guzman y Gomez pulls the plug on ‘underperforming’ US expansion, shutters stores
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.
