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John Cappasola

Newspeoplerestaurants

Jack in the Box Inc. Promotes Del Taco’s COO to Brand President

by Katie Lee

San Diego — Jack in the Box Inc. has promoted Del Taco’s chief operating officer, Chad Gretzema, to Del Taco brand president. He replaces John Cappasola, who has stepped down from his role as Del Taco president & chief executive officer. “Chad has been an instrumental part of the executive team at Del Taco that has compiled an impressive 8 consecutive years of positive franchise same-store sales,” says Darin Harris, CEO of Jack in the Box. “He has been a champion for Del Taco operators, franchisees and guests as the …

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Jack in the Box, Del Taco Enter into $575 Million Merger Agreement

by Katie Lee

San Diego and Lake Forest, Calif. — Jack in the Box Inc. and Del Taco Restaurants have entered into a merger agreement valued at approximately $575 million, inclusive of existing debt. Under the terms of the agreement, Jack in the Box will acquire Del Taco for $12.51 per share in cash. The deal, which is expected to close in the first quarter of 2022, would yield a company with more than 2,800 restaurants across 25 states. In addition, the new entity plans to grow its store count by 4% annually …

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construction and designfranchise developmentNewsrestaurants

Del Taco Debuts Reimagined Store Design with “Fresh Flex” Prototype

by Katie Lee

Lake Forest, Calif. — Del Taco is debuting its highly-anticipated new store prototype: a sleek, bold, contemporary model, “Fresh Flex,” that reconceptualizes the restaurant inside and out. Striking exteriors and distinctive interiors evoke the brand’s contemporized feel. At the same time, the new design expands real estate opportunities to help lower net investment costs, provides ultimate convenience for guests and optimizes operational efficiencies. “Continuing to adapt and evolve is the lynchpin for Del Taco to remain ahead of the curve in the restaurant industry,” says John Cappasola, CEO of Del …

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franchise developmentNewsrestaurants

Del Taco Retains The Cypress Group to Lead Refranchising of 4 Western Markets

by Katie Lee

Lake Forest, Calif. — Del Taco Restaurants, Inc., the second largest Mexican-American quick-service restaurant chain by units in the United States, recently commenced the marketing of certain company-operated restaurants across four non-core Western markets. The refranchising of these restaurants is expected to be completed by summer 2020 and is planned to help shift company ownership to approximately 45% of the Del Taco system while stimulating growth in new restaurants and existing restaurant AUVs. Del Taco first announced its Restaurant Portfolio Optimization plan in January 2019 and subsequently retained The Cypress …

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