A Del Taco franchise took a risky, million-dollar move. Now, it’s bankrupt.
Matador Restaurant Group, a South Carolina-based operator of Del Taco locations in Georgia and Alabama, filed for Chapter 11 protection last week.
It’s the latest restaurant brand to collapse under financial pressure. The past year has been notably brutal for chains that cater to low- and middle-income diners.
And it adds to a string of troubles for Del Taco itself.
The brand — which competes with Taco…