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Jack in the Box Sells Del Taco for $115 million

Chain bought the Lake Forest fast-food brand for $585 million

More than three years after acquiring Del Taco for $585 million, Jack in the Box has sold the Lake Forest fast-food chain for $115 million, the San Diego-based chain announced Thursday.

Del Taco’s new owner is Yadav Enterprises Inc., a California-based operator of more than 310 franchise restaurants including Jack in the Box and Denny’s.

“This divestiture is an important step in returning to simplicity, and we look forward to focusing on our core Jack in the Box brand,” Lance Tucker, CEO of Jack in the Box said in a Thursday statement. “After a robust process, we are confident we have entered into a transaction with the right steward for Del Taco in its next chapter of evolution.”

Read more in the Oct. 20 print edition of the Business Journal

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Nancy Luna
Nancy Luna
Nancy Luna has been the executive editor of the Orange County Business Journal since September 2024. Nancy began her career 30 years ago at the Orange County Register, where she covered a range of beats, including retail, consumer trends, transportation, healthcare, and tourism. Before coming to the Business Journal, she previously worked as a correspondent for Business Insider’s Retail team, where she specialized in writing about the restaurant and food tech industries. Luna contributed to the Business Insider team that won a 2023 SABEW Award for explanatory journalism for their "Warehouse Nation" project. From 2018 to 2020, Luna was a senior editor and tech editor at Nation’s Restaurant News. While there, she covered the largest chains in the country including Taco Bell, McDonald's, Chipotle Mexican Grill and Starbucks. Luna grew up in Orange County and lives in Old Towne Orange with her husband, Brady.
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