Jack in the Box

Financing

Sardar Biglari goes activist on Jack in the Box

The investor, whose holdings own 10% of the fast-food chain’s stock, said that he had no intent on influencing Jack in the Box until the company swallowed a poison pill.

Financing

With Sardar Biglari lurking, Jack in the Box swallows a poison pill

The fast-food company, which also owns Del Taco, adopted a shareholder rights plan after Biglari Capital Corp. accumulated more stock. Biglari has been hunting restaurant deals lately.

The fast-food restaurant company has hired an advisor to explore strategic alternatives with its Mexican brand just three years after buying the chain. It also plans to close 150 to 200 locations.

The franchise companies, both owned by Steve Wazny, accuse the fast-food chain of wrongfully terminating 39 restaurants in the state after the operator closed eight other underperforming locations.

Behind the Menu: The fast-food chain sets its shakes apart with unique flavors and product partnerships that excite customers and build incremental transactions.

The fast-food chain operator named its former CFO to the top job weeks after he was named interim chief executive following the departure of Darin Harris.

The fast-food burger chain reported better-than-expected sales results last quarter, but its Mexican sister concept could not say the same thing.

Harris is leaving to take a position “outside of the restaurant industry.” CFO Lance Tucker was named interim principal executive officer.

The attorney has taken restaurants and suppliers to court for 30 years as a prod for them to do a better job of protecting the public. He makes no apologies about being their conscience.

California’s $20 fast-food wage is costing company restaurants $15 million, and franchisees a lot more. That’s putting a damper on some recent sales improvement.

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