Core Insights - A long-standing Mexican restaurant chain, Taco Giro, has closed nearly all of its locations due to a severe crisis stemming from the loss of many employees and legal issues [1][4]. Industry Challenges - Mexican restaurants in the U.S. are facing significant challenges, including rising labor and food costs driven by inflation, higher interest rates, and cautious consumer spending [2]. - The broader economic challenges are compounded by specific legal issues affecting Taco Giro, which has led to uncertainty about its future [4]. Company Background - Taco Giro was founded in 2008 by two brothers in Tucson and is known for its authentic Sonoran- and Tampico-style Mexican cuisine, particularly seafood dishes [3]. - The chain has built a strong community presence in Arizona and Mexico over 17 years [4]. Recent Developments - Following ICE raids on December 5, which resulted in the arrest of 46 kitchen workers (10% of its staff), Taco Giro closed all nine of its Arizona restaurants while keeping its Mexico location open [5][6]. - The company has communicated with customers via social media, indicating a temporary closure to make necessary adjustments [7]. - Currently, Taco Giro has slowly reopened three locations and is considering closing two additional underperforming restaurants, which were already planned prior to the raids [7].