Four restaurant veterans have teamed up to create Babalu Development LLC, a partnership that intends to expand the single-unit Jackson, Miss., restaurant Babalu Tacos and Tapas into new markets. The founders include Ned Lidvall, Friendly’s chief executive from 2008 to 2010; Mike Stack; Bill Latham; and Al Roberts. Latham and Roberts, who have been restaurant partners for 30 years, founded Babalu, which offers specialty tacos and Spanish tapas-style small plates featuring local and ...

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