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Jack In The Box Inc. Promotes Del Taco’s Chief Operating Officer Chad Gretzema To Brand President
Jack in the Box Inc. announced today the promotion of Del Taco’s Chief Operating Officer Chad Gretzema to Del Taco Brand President. He replaces John Cappasola who has stepped down from his role as Del Taco President & Chief Executive Officer.
"Chad has been an instrumental part of the executive team at Del Taco that has compiled an impressive eight consecutive years of positive franchise same-store sales,” said Jack in the Box CEO Darin Harris. “He has been a champion..."
Jack in the Box to Acquire Del Taco
Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains, and Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second largest Mexican QSR chain by number of restaurants, today announced that the companies have entered into a definitive agreement pursuant to which Jack in the Box will acquire Del Taco for $12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt. While this price per share offers an attractive premium to Del Taco shareholders, Jack in the Box estimates...
Del Taco Spreads Holiday Cheer with Return of Holiday Gift Card Bonuses and More Seasonal Deals
Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, celebrates the holiday season bigger and better this year with the return of its holiday gift card bonus program and launch of new Black Friday deals. Del also welcomes back its popular Cyber Monday deals, limited-edition holiday merchandise, and 12 Days of Holiday retail offers.
“Del Taco fans enjoyed giving the gift of Del so much last year, we brought it back to reward them with more opportunities to spread some..."
Del Taco Expands Southeast Footprint with First North Carolina Deal
Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, has signed a deal with successful North Carolina-based franchise group, Ram Restaurants Inc. (“Ram Restaurants”) to open five units within the Raleigh and Durham areas. The deal, expected to bring Del Taco restaurants to North Carolina for the first time, comes only weeks after Del Taco announced a development agreement for Southern Virginia.
“On the heels of a great run of multi-year same store sales growth and a stated desire to penetrate the Southeastern US..."
Del Taco Signs New 10-Unit Franchise Development Agreement in Virginia Beach
Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, has signed a deal with successful franchisees Bharat Patel and Steve Kissel of Virginia Taco, LLC (“Virginia Taco”) to open 10 units in the state of Virginia – a new state on the Del Taco roster. The deal will give the franchise group rights to open in Virginia Beach, Chesapeake, Portsmouth, Norfolk, Hampton, and Newport News and helps pave the way for additional growth in Southern Virginia and throughout the Carolinas.
“Since inception in 2000, we’ve been able to rapidly expand our portfolio to include household names such as Subway, Tropical Smoothie, Mahi’s and more and are thrilled to add Del Taco to that list,” said Bharat Patel, CEO of Virginia Taco. “Del Taco is an influential brand,
Del Taco Group Expands Florida Development Agreement After Successful First Opening
Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant, announced its newest multi-unit deal that will add 10 new locations to the state of Florida in partnership with franchisees Aman Singh, Ajay Singh, Navdeep Bassi and Shubegh Bassi. The expansion deal comes just a few months after the franchisee family opened their first location in Melbourne, FL in May 2021 – the first of an existing three-unit commitment that was made in 2019. By adding 10 new restaurants to their deal, the franchisee family gains...
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