Another massive California business moves out of state creating mass job losses for hundreds of people.
Cacique Foods, one of the leading brands in Mexican food products, recently relocated the company’s corporate headquarters from California to North Texas.
Founded in 1973 in Monrovia, California, family-owned Cacique produces queso Mexican-style cheeses and dips, sour cream, yogurt drinks, salsa and chorizo under its namesake brand.
The business sold a minority stake in 2021 to Boston-based hedge fund The Baupost Group.
The relocation resulted in 225 people losing their jobs in California.
Cacique, widely known in the Latino and Hispanic culture is a market leader and has products in 80% of grocery stores across the United States.
“We’re proud of the success Cacique has seen over the past 50 years.
The company started with my mother perfecting cheesemaking, while my father sold Queso Fresco door-to-door, one pound at a time, out of coolers in our family car,” said Gil de Cardenas, CEO of Cacique Foods.
“This has now been followed by the recent closure of the manufacturing operations from a facility in the City of Industry as well as a distribution center in Irwindale,” reports Ash Jurberg.
“The manufacturing has also moved to Texas.”
Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.
This week, Cacique filed a WARN act with the California Employment Development Department advising that 225 staff in California lost their jobs due to the recent closures.
According to a 2022 report by the Hoover Institution, 352 businesses have left California and moved their headquarters to a different state between 2018 and 2022.
Other Economy News Today
3 new In-N-Out Burger locations in California have now been approved increasing its number of chains in the west coast.
According to a report earlier this month from USA Today, In-N-Out Burger is continuing its ambitious expansion in the state of California.
“Two stores will open in the company’s Southern California backyard, one in San Juan Capistrano and one in Perris.
There will also be a new store in the heart of the state in Madera,” said the report.
Many retailers have been closing permanently or filing for unexpected chapter 11 bankruptcy.
Seeing chains such as In-N-Out expand shows a positive outlook for the economy where mainly businesses are reportedly facing economic turmoil.
Here is the list of the new and upcoming In-N-Out California locations:
- 1830 W. Cleveland Ave. Madera, CA 93637
- 229 Old Nuevo Rd. Perris, CA 92570
- 31791 Del Obispo St. San Juan Capistrano, CA 92675
According to ScrapeHero, there are 394 In-N-Out Burger restaurants in the United States as of October 04, 2023.
he state with the most number of In-N-Out Burger locations in the US is California, with 272 restaurants, which is about 69% of all In-N-Out Burger restaurants in the US.
An October 20th report from NoozHawk reveals the new 3,885-square-foot restaurant will be located in Buellton.
The address is 515 McMurray Road, the former home of the Parks Plaza Theatre, reports Joel Eisenberg.
Despite traffic remaining a top worry with several significant concerns yet to be resolved, the Buellton Planning Commission narrowly approved the proposed In-N-Out Burger at the site of the city’s closed theater.
On Thursday night, after two hours on the topic, commissioners voted 3-2 to approve a conditional use permit… The building at the 1.35-acre site would be torn down.
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