Published • loading... • Updated
Guzman Y Gomez Founder Steve Marks Has Not Given up on His American Dream
The chain said its US stores missed sales targets and kept losing money after a six-year push that became a major cash drain.
Summary by Sydney Morning Herald
5 Articles
5 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
Guzman y Gomez founder Steve Marks has not given up on his American dream
Investors are glad to see the Mexican fast food chain abandon the US. The irrepressible burrito salesman behind the company wants to have another crack.
·North Sydney, Australia
Read Full Article
Why Guzman y Gomez shares could shoot 30% higher after exiting the US market
One of the hardest things for any management team to do is admit when something is not working. On the 22 May 2026, Guzman y Gomez Ltd (ASX: GYG) did exactly that. Co-CEO and founder Steven Marks had spent three months on the ground in Chicago. His conclusion, delivered to shareholders, was that the US business required far more time and capital than originally expected. He said: Having spent the last 3 months in the US, I realized this was goi…
Coverage Details
Total News Sources5
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
To view factuality data please Upgrade to Premium
