In business news, Jack in the Box is selling Del Taco to Yadav Enterprises at a loss of over $400 million! Jack in the Box paid $585 million in 2022 and selling now for $115 million. Yadav owns many Denny’s and El Pollo Locos, TGI Friday’s, etc.
Curious how Jack in the Box in only 3 short years could turn $585 million into $115 million, for purposes of what will now be this fable, I asked their CEO.