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With this deal, Collins Foods intends to focus on its KFC business and key markets specifically Germany.
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The company has named Skye Anderson as US chief operating officer, among other appointments.
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The company added that it is conserving LPG and working to move to alternate energy sources.
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The CMA will work with Just Eat and gather evidence to assess any potential breaches of consumer protection law.
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With this move, the restaurant brand aims to improve speed of service and uniformity across its restaurant network.
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Established in 1997, the bakery chain specialises in making customised Bundt cakes.
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The company outlined a phased wind-down across all its active markets, including Australia, Switzerland and Italy.
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