Jack in the Box Has Had Talks with Potential Buyers

Jack in the Box admitted on Monday that the fast-food brand has engaged in talks with potential buyers, according to a Fox Business report.

It’s been quite a year for the brand. In October, the National Jack in the Box Franchisee Association requested a CEO change, wanting to replace Lenny Comma. In November, the association also filed a complaint with the California Department of Business Oversight regarding the brand’s lease restructuring.

"The Company has had discussions with potential buyers; however, it noted that there can be no assurance that the exploration of strategic and financing alternatives will result in a transaction," Jack in the Box said about the talks in a statement, according to the Fox Business article. "That said, in the absence of a strategic transaction the Company remains committed to its previously communicated plan to have a new capital structure in place by the end of the first half of fiscal 2019. That capital structure could include, among other things, a securitization or bond issuance."

Read the full report at Fox Business.