Report: Jack in the Box Exploring Sale
Sources told Reuters the burger chain is weighing several options that could include a sale of the company.
Jack in the Box has entered into preliminary talks with potential buyers about a sale, according to a Reuters report.
Anonymous sources said the 2,400-unit chain initiated conversations with several parties, including private equity firms, earlier this month, though there is no certainty a deal will be reached. Earlier this year, Jack in the Box divested Qdoba for $305 million to private equity firm Apollo Global Management.
Notably, the brand has been publicly at odds with its franchisees over the last few months. Franchisees have requested a CEO change over cuts to franchisee support and marketing and, most recently, filed a formal complaint over proposed lease restructuring.
Read the full report here.
