Jack in the Box Inc. has entered into a definitive agreement to sell Del Taco Holdings Inc., which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises Inc. for $115 million in cash, subject to certain adjustments. According to the company, the transaction aligns with the "Jack on Track" plan, allowing Jack in the Box to focus on its core brand and adopt a simpler, asset-light business model. The deal is expected to close by January 2026, pending customary closing conditions. Proceeds from the sale are expected to be used to retire part of the company's existing debt.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jack in the Box Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251016787495) on October 16, 2025, and is solely responsible for the information contained therein.