MONTREAL – The company behind restaurants like Thai Express, Cold Stone Creamery and Mucho Burrito says it’s undertaking a strategic review of options including a potential sale.

MTY Food Group Inc. says in a news release that the board of directors has initiated the review to enhance shareholder value and will consider a range of strategic alternatives.

The fast-food franchisor’s statement came after Reuters reported the company had hired TD Bank to explore a potential sale.

MTY Foods says it has over 80 brands and more than 7,000 locations globally.

The company’s shares closed up $4.54 or 13.5 per cent at $38.27 on the day, leaving it with a market capitalization of $874 million.

MTY’s share price has been under pressure this year as the fast-food sector struggles with rising prices

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