IMC starts streamlining portfolio

IMC starts streamlining portfolio

Corporate & Sovereign Strategy Equity M&A Brazil Panama United States Capital Markets Commerce

Brazilian restaurant operator International Meal Company (IMC) has sold the master franchiser of Carl's Jr in Panama as part of its plans to focus on four brands in Americas, CFO Rafael Bossolani told LatinFinance on Friday. IMC announced Thursday that it had agreed to sell Carl's Jr in Panama to local operator Excelencia y Superación for $2.1 million. "It is a small amount, but it is an important strategic move towards the simplification of the business and the focus on the most important brand

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