March 30, 1993 |
Del Taco Inc., the nation's second-largest Mexican-style fast-food chain, filed for bankruptcy protection late Monday, blaming an "onerous debt load" taken on in a buyout three years ago. The privately held company said it remains profitable but that the debt load has limited its ability to expand and keep pace with the tremendous growth of its chief rival, Taco Bell. The company said its Del Taco and Naugles restaurant chains will remain open for business.
May 6, 2002 |
Broadening their legal complaint against Del Taco Inc., several former African American employees are accusing the nation's second-largest Mexican fast-food chain of discriminating against black prospective job candidates in favor of Latinos and of ignoring complaints about the hiring of undocumented Latino workers.
October 7, 1986 |
Del Taco Inc., the last of the three major Southern California Mexican-style fast food chains to join the "taco wars," will double in size with the acquisition of 181 south-of-the-border-style restaurants now owned by W.R. Grace & Co., said Wayne W. Armstrong, Del Taco's president.
April 25, 2002 |
In a rare minority-versus-minority discrimination lawsuit, one current and six former African American employees of Del Taco Inc. are accusing the nation's second-largest Mexican food chain of turning a blind eye to Latino workers repeatedly harassing them because of their race.
April 25, 1993 |
Staggering net losses, forced asset sales and bankruptcy weren't part of the game plan in the late 1980s when executives at three Orange County restaurant companies accumulated $1.2 billion in debt that funded a string of high-profile acquisitions. Rather, officials at American Restaurant Group, Del Taco Inc.
January 12, 2000 |
The swashbuckling masked hero in last year's Del Taco commercials won't quite be the same if he makes a return engagement. The Laguna Hills-based chain, settling a lawsuit by two firms that own exclusive rights to Zorro, said Tuesday that it has agreed to alter its masked "Del Taco" character in any future campaigns. The chain said it has not decided whether to use the character again. The companies that have rights to Zorro, TriStar Pictures and Zorro Productions Inc.
December 2, 1998 |
Its financial underpinnings and menu both beefed up, Del Taco Inc. is launching an expansion drive that will combine internal growth with an aggressive acquisition plan. To make it work, Chairman Kevin K. Moriarty said Tuesday he has hired longtime industry executive C. Ronald Petty to take over daily operations of the Laguna Hills chain, a move that frees Moriarty to pursue takeover targets. Petty, 54, who worked with Moriarty at Burger King Corp.
January 11, 1990 |
Less than a week after Del Taco/Naugles Inc. announced a management buyout, the Mexican-style fast food chain is returning to its tried-and-true advertising slogan: "Not the same place, not the same thing." The slogan, which was scrapped in April, 1988, will reappear in a new TV ad that features actors portraying the Marx Brothers welcoming back former menu items.
July 28, 1992 |
Hoping to catapult itself into the big leagues of fast food, Del Taco Inc. announced Monday that it has recaptured exclusive rights to its name and has embarked on a major franchising push. In the process, it hopes to draw a bead on rival Taco Bell Inc. and become a nationwide chain, competing head to head with McDonald's and Burger King.
January 9, 2002 |
Building on years of strong sales, Del Taco Inc. is planning its most ambitious expansion effort the next two years and has ramped up its sports marketing budget to get out the word. Del Taco, the nation's second-largest Mexican restaurant chain, plans to open 120 restaurants in Western states this year and next, boosting the number of outlets to more than 500 in 12 states.