September 11, 1988 |
Do you like your chicken fajitas made with dark meat or light meat? And what's the best way to whip up a batch of guacamole or salsa? If you've ever had an argument in the kitchen over a recipe, you'd probably appreciate the battle brewing in the corporate offices--and over the stoves--at the giants of California's Mexican fast-food market: Del Taco and Taco Bell. Things have been heating up since restaurant magnate Anwar Soliman bought both Del Taco and Naugles last March.
February 3, 1988 |
From Taco Bell to Taco Viva, the message Tuesday was that hotter competition in the Mexican-American fast-food business is fine if it helps sell more tacos, burritos and refried beans. "I don't care about the competition--just as long as they advertise," said J. Brion Foulke III, chief executive of Ft. Lauderdale, Fla.-based Taco Viva, which has 60 restaurants in Florida. As word spread Tuesday that Del Taco and Naugles--No. 2 and No.
February 2, 1988 |
Del Taco and Naugles, two of the best-known names for Mexican fast-food in California, are being combined by one owner who plans to make the new company a national chain challenging industry leader Taco Bell. The combination would create the second-largest Mexican fast-food chain in the United States and the largest in California, with 373 restaurants.
November 4, 1987 |
Newport Beach businessman Anwar Soliman has renewed his efforts to acquire New York-based Restaurant Associates Industries, offering to pay about $97.5 million, or $17 a share, for the restaurant and newsstand chain--despite its management's continuing rejection of Soliman as a suitor. The unsolicited bid, announced Tuesday by Restaurant Associates, comes two weeks before a management-sponsored tender offer to pay about $82 million, or $14.25 a share, is scheduled to close Nov. 16.