Franchise News
Nation's Restaurant News: Jack in the Box completes $305M sale of Qdoba
The brand noted that selling the franchise system will enhance shareholder value.
After 15 years of ownership, Jack in the Box has sold Qdoba to Apollo Global Management. According to a recent article in Nation's Restaurant News, the final transaction was a $305 million deal. With this deal, Apollo Global Management will take control of over 700 locations.
“Completing the sale of Qdoba marks an important milestone in the actions we’re taking to enhance shareholder value while creating an asset-light business model that is less capital intensive,” said Lenny Comma, CEO if Jack in the Box.
Apollo Global Management has expressed a commitment to continuing the momentum of the burrito franchise. The company noted Qdoba's status as a leading fast casual brand and says that it is excited to work alongside a system full of outstanding management, talent and franchise partners.
Read the full article here.
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