Del Taco

Financing

Sardar Biglari takes a stake in Jack in the Box

The chairman of Biglari Holdings, the owner of Steak n Shake, has acquired 5.5% of the shares in the fast-food chain operator. But the investment is passive, for now.

Technology

Del Taco to add AI voice bots in drive-thrus

The 600-unit Mexican chain said the technology from Presto has exceeded expectations. It’s another step forward for restaurant automation.

Charges come while the quick-service chain is under a settlement agreement related to an earlier case to ensure workers are safe and have procedures for reporting inappropriate behavior.

The Bottom Line: Executives argued that “synergies” made the deal more palatable. But it’s taking a while for those cost savings to take hold. Investors have responded accordingly.

The company has hired the investment banking firm Cypress Group to market 300 Del Taco restaurants to franchisees.

The company, which also owns Del Taco, said sales accelerated at the end of last quarter, while more dining rooms reopen and supply chain disruptions ease.

John Cappasola has stepped down as the chain’s chief executive following its sale to Jack in the Box.

The claims date back a decade. Parent company Jack in the Box, which acquired the taco chain in March, said it anticipated the payout.

The two California-based fast-food chains completed their merger this week. Here’s a look at some of the changes that could come to the taco chain.

The Mexican fast-food chain’s new prototype, opened last month in Orlando, is the centerpiece of a new franchising strategy.

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