March 3, 2015
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RESTAURANTS: Cost-cutting, revenue attempts, go only so far
When Real Mex Restaurants Inc. sells again, it’ll be for less than $100 million, considering the decade of woes at the Cypress-based casual dining chain:
Real Mex Restaurants Inc.’s owners seek to sell the chain and have hired investment bank Piper Jaffray to unearth a buyer, according to Bloomberg. The chain’s second bankruptcy filing in seven years could precede a transaction, the report said.
Cypress-based Real Mex Restaurants Inc. named Bryan Lockwood its chief executive, a news report said.