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San Diego fast food icon Jack in the Box is considering unloading a Mexican fast food chain it owns while shuttering up to 200 underperforming eateries in a turnaround plan announced Thursday.
Jack in the Box tapped Bank of America Securities to explore strategic alternatives for its Del Taco brand, including possibly selling the business. At the same time, the fast food chain plans to shutter 150 to 200 restaurants — most of which have been in the system for more than 30 years — including up to 120 eateries shuttering by the end of the year.