Fiesta Restaurant Group Inc. will separate its Pollo Tropical and Taco Cabana concepts into two companies in 2017 or 2018, the company said Wednesday. Addison, Texas-based Fiesta said it would distribute 100 percent of Taco Cabana’s stock to Fiesta shareholders and rename Fiesta as Pollo Tropical. “We believe that each of our two brands can be even more successful as standalone companies through focused strategies and fully dedicated execution,” Tim Taft, Fiesta president ...
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Contact: Desiree Torres Desiree.Torres@penton.com