The fast-food chain Jack in the Box is selling Del Taco for $115 million in a deal that's expected to close in January.
The divestiture of Del Taco is seen as allowing for the strengthening of the company’s balance sheet and initiating the return of Jack in the Box to a simpler, asset-light business model.
Fast food chain Jack in the Box is bidding farewell to Del Taco, another chain that the brand originally purchased in 2022.