Reuters Restaurant chain operator Jack in the Box Inc JACK.O said it would sell its Qdoba Restaurant Corp unit to funds affiliated with Apollo Global Management LLC for about $ million cash. Qdoba Restaurant operates and franchises more than Qdoba Mexican Eats restaurants..Jack in the Box stock rose . in early Tuesday trading on news the company will sell fast casual Mexican chain Qdoba, a Chipotle competitor, to private equity firm Apollo Global Management for about $ million in cash. The sales comes in the wake of falling same store revenues for Qdoba, which has .Jack in the Box Inc. NASDAQ JACK today announced that it has entered into a definitive agreement to sell Qdoba Restaurant Corporation to certain funds managed by affiliates of Apollo Global Management, LLC NYSE APO for approximately $ million in cash, subject to customary closing conditions .Fast food chain Jack in the Box has agreed to sell its ailing fast casual brand, Qdoba, to an investment firm..
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Jack in the Box Inc., based in Sango, is a restaurant company that operates and franchises more than Jack in the Box restaurants andthrough a wholly owned .
Fast food chain Jack in the Box has agreed to sell its ailing fast casual brand, Qdoba, to an investment firm..