{"id":2011009,"date":"2023-08-24T15:59:04","date_gmt":"2023-08-24T19:59:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/subway-to-be-acquired-by-private-equity\/"},"modified":"2023-08-24T16:03:30","modified_gmt":"2023-08-24T20:03:30","slug":"subway-to-be-acquired-by-private-equity","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/subway-to-be-acquired-by-private-equity\/","title":{"rendered":"Subway to be bought by private equity firm."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsubway-to-be-acquired-by-private-equity%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2011009&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Subway Announces\u200b Takeover by Roark \u200cCapital<\/h2>\n<p>Exciting news in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newt-gingrich-agrees-with-trump-on-2000-checks-says-middle-class-has-been-hardest-hit-video\/\" title=\"Newt Gingrich Agrees With Trump On ,000 Checks, Says Middle Class Has Been Hardest Hit (VIDEO)\">restaurant industry<\/a>! Subway, the popular\u200b restaurant chain, has just announced that it \u200dwill \u200cbe taken over by private equity firm\u2063 Roark Capital. This acquisition, revealed on \u200cAugust 24, marks a\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/first-trans-state-senator-predicts-future-trans-president\/\" title=\"First Trans State Senator Predicts Future Trans President\">significant milestone<\/a> for Subway&#8217;s future.<\/p>\n<p>While the exact details of the transaction\u200d remain undisclosed, \u2063reports suggest that Roark offered $9.6 billion to acquire\u200c Subway. \u200cAlthough \u2063slightly less than the $10 billion\u200d sought by \u2062the founding families who own the sandwich company, this deal still \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-makes-bold-new-hire-thats-drawing-major-attention\/\" title=\"Elon Musk's New Hire Draws Major Attention\">holds immense potential<\/a>.<\/p>\n<p>Roark Capital, with $37\u2062 billion in\u200b assets under management, is no stranger\u200d to the\u2064 food \u2063industry. They control\u200b Inspire\u200b Brands, \u200cwhich <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/subway-to-be-acquired-by-private-equity\/\" title=\"Subway to be bought by private equity firm.\">owns renowned \u2064food chains<\/a> like\u200d Baskin-Robbins, Buffalo Wild Wings, Arby\u2019s, and Jimmy John\u2019s.\u200d With their expertise\u200d and resources, Roark is well-positioned to support Subway&#8217;s growth\u2062 and success.<\/p>\n<blockquote>\n<h3>Related Stories<\/h3>\n<ul>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/opinion\/the-business-of-boycott-5479948\">The Business of Boycott<\/a><br \/>\n      <br \/>\n      <span class=\"text-comp-caption\">8\/24\/2023<\/span>\n    <\/li>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/world\/accountants-reluctant-to-report-tax-delinquency-by-small-businesses-cra-survey-5478501\">Accountants\u200b Reluctant to Report Tax Delinquency by Small Businesses: CRA\u2063 Survey<\/a><br \/>\n      <br \/>\n      <span class=\"text-comp-caption\">8\/22\/2023<\/span>\n    <\/li>\n<\/ul>\n<\/blockquote>\n<p>John Chidsey, CEO of Subway, expressed his optimism about the\u200d future\u200b of the brand\u2064 under\u2062 Roark&#8217;s ownership. He stated, &#8220;This \u2062transaction reflects Subway&#8217;s long-term growth potential and the substantial\u200c value of our brand and \u200bour franchisees \u200daround the world.&#8221;<\/p>\n<p>Subway has been experiencing \u200cpositive sales growth, with its\u200b tenth consecutive quarter\u2064 of \u2063positive sales \u2064reported \u200dlast month. In the first half of 2023, the\u2063 company saw\u2063 a remarkable\u200c 9.8 \u200bpercent increase in same-store sales compared to the previous \u200cyear. Additionally, digital sales\u200d grew by 11.1 \u2064percent.<\/p>\n<p>With a presence in over 100 countries\u200d and nearly 37,000 restaurants worldwide, Subway is a global powerhouse. Mr. Chidsey emphasized\u200d that Roark&#8217;s expertise in franchising, international development, and digital \u2064ordering\u2064 strategies will\u2063 be invaluable as Subway aims to expand its reach with an additional 23,000\u200b restaurants in the coming years.<\/p>\n<p>While Subway focuses on international expansion, it has been streamlining its operations in\u200d the United States. The number of Subway \u200boutlets in America decreased from \u200ca peak of 27,100 in 2015 to\u200b around 20,600 by\u2062 the end of\u2064 last year.<\/p>\n<h2>Subway&#8217;s Journey Over the Years<\/h2>\n<p>Let&#8217;s take a trip \u2063down memory lane and explore \u200bSubway&#8217;s remarkable\u2062 journey. The\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/subway-exploring-a-sale-at-10-billion-valuation\/\" title=\"Subway Exploring a Sale at + Billion Valuation\">sandwich giant<\/a> was founded in 1965 by \u200btwo friends, Fred DeLuca and Peter Buck.\u2062 Starting with \u2062a humble \u200csandwich shop in Connecticut, Subway quickly\u2062 gained popularity for its affordable\u2063 offerings.<\/p>\n<p>After\u200b the unfortunate passing \u200bof Fred DeLuca\u2064 in 2015, his family took control of\u2062 his\u200c 50 percent share in the company. Suzanne Greco, Fred&#8217;s sister, assumed leadership\u200b until \u2064her retirement in\u2064 2018. \u2064Peter Buck,\u2062 the other co-founder, passed away in 2021, leaving his half \u2064of Subway to a charity run by his children.<\/p>\n<p>In November 2018, John Chidsey\u200d became the CEO of Subway, making him the first individual outside of the founding families to lead the company. Under his guidance,\u200d Subway\u2064 has continued to evolve and adapt to the\u2063 changing\u2063 market.<\/p>\n<p>As Subway embarks on this\u200c new\u200b chapter with\u200d Roark Capital, the \u2062future looks bright. \u200dThe \u200ccombination of \u2063Subway&#8217;s brand strength and \u200dRoark&#8217;s expertise sets the stage for continued success and \u2064growth in the years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restaurant chain Subway has been acquired by private equity firm Roark Capital. The Atlanta-based company&#8217;s takeover was announced on Aug. 24, but specific transaction details were not disclosed. The Wall Street Journal previously reported that Roark offered $9.6 billion for Subway, slightly below the $10 billion mark.<\/p>\n","protected":false},"author":186,"featured_media":2011010,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2011009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2011009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2011009"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2011009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2011010"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2011009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2011009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2011009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}