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The company says it is exploring strategic alternatives and has talked with buyers.
The Philippines-based operator named Jose Minana the chain’s president.
The company's stock is at a low point, which could be a challenge for the company as activists push a sale, says RB’s The Bottom Line.
The adviser will review the company’s financial prospects.
Inspire now operates brands that generate more than $12 billion in annual system sales.
The QSR operator expects to make more specific deals, such as its purchase of QuikOrder, and won’t rule out a brand acquisition, says RB’s The Bottom Line.
The purchase of US Beef Corp. gives the Applebee’s operator its fourth brand and more than 1,200 locations.
The company is acquiring QuikOrder in a bid to improve its online ordering capabilities.
Fat Brands adds its seventh brand with the purchase of the seven-unit chain.
Reuters reported that the company is exploring strategic alternatives.
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