The once-popular Phoenix-area restaurant chain Z’Tejas has responded to concern from their customers after filing for bankruptcy last week.
Steve Micheletti, the CEO and President of Z’Tejas, addressed those concerns in a statement.
After our recent bankruptcy filing, we have received many inquiries about our current and future plans. I would like to personally reassure our valued guests that Z’Tejas and Taco Guild will continue to provide great food and service. It will be business as usual throughout the bankruptcy proceedings – our guests will continue to receive the same quality food, beverages and excellent service they’re accustomed to, and your gift cards will be honored.
Z’Tejas filed for bankruptcy to restructure its long-term debt and other financial obligations. It was an extremely difficult decision, but it was the best way to preserve our brand so that we can continue to serve great food and beverages. A successful restructuring also will allow us to preserve the jobs of our team members, maintain our vendor relationships and maximize value for our stakeholders.
The Z’Tejas and Taco Guild brands are not going anywhere, and they will be in a better financial position after a successful restructuring. We are excited for the future and have confidence that new ownership will continue to satisfy our guests, whose support we greatly appreciate now and over the last 25 years.