On The Border Becomes the Latest Restaurant Chain in Bankruptcy

On The Border Mexican Grill & Cantina became the latest US casual-dining chain to file for bankruptcy amid surging labor costs, falling customer traffic and inflationary pressures.

Atlanta-based OTB Holding sought Chapter 11 protection in Georgia on Tuesday, according to court papers. It listed $10 million to $50 million in both estimated assets and liabilities.

Founded in Dallas in 1982, the Tex-Mex chain has more than 80 restaurants in the US and South Korea, where it opened its first location 18 years ago. It had 160 locations when Chili’s Grill & Bar parent Brinker International Inc. sold the ...