{"id":2012118,"date":"2023-08-25T14:27:01","date_gmt":"2023-08-25T18:27:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/roark-capital-buys-subway-for-one-of-the-biggest-purchases-in-fast-food-industry\/"},"modified":"2023-08-25T14:29:24","modified_gmt":"2023-08-25T18:29:24","slug":"roark-capital-buys-subway-for-one-of-the-biggest-purchases-in-fast-food-industry","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/roark-capital-buys-subway-for-one-of-the-biggest-purchases-in-fast-food-industry\/","title":{"rendered":"Roark Capital acquires Subway in major fast-food deal."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><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%2Froark-capital-buys-subway-for-one-of-the-biggest-purchases-in-fast-food-industry%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=2012118&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--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">(Photo by Joe Raedle\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\">James Meyers<\/a><br \/>11:15 AM \u2013 Friday, August 25, 2023<\/h2>\n<p>After \u200cfive decades of family ownership, Subway has a new company in charge of the sandwich chain. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>On Thursday, it was announced that the private equity \u200cfirm Roark Capital has purchased the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/no-aoc-mcdonalds-employees-in-denmark-arent-better-off\/\" title=\"No, AOC, McDonald\u2019s Employees in Denmark Aren\u2019t Better Off\">fast-food chain<\/a>, ending its six-month long search for a buyer. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3Sandwich chain <a href=\"https:\/\/twitter.com\/hashtag\/Subway?src=hash&#038;ref_src=twsrc%5Etfw\">#Subway<\/a> \u2063 is\u200c set to be sold to fast-food investor <a href=\"https:\/\/twitter.com\/hashtag\/RoarkCapital?src=hash&#038;ref_src=twsrc%5Etfw\">#RoarkCapital<\/a> , as reported by NPR. The deal involves Subway being purchased by the private equity firm Roark Capital. CBS Evening News \u200cconfirms the sale, while\u200c CNN describes it \u2062as Subway selling itself to the <a href=\"https:\/\/t.co\/IL3UveRSCT\">pic.twitter.com\/IL3UveRSCT<\/a><\/p>\n<p>\u2014 Top News (@topnewsen401) <a href=\"https:\/\/twitter.com\/topnewsen401\/status\/1695015136220659961?ref_src=twsrc%5Etfw\">August 25, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>The two\u2063 sides did not announce \u200ba final transaction\u2063 price, but \u2064The Wall Street Journal reported \u200con Monday that Roark Capital\u2019s final bid \u2064was for $9.6 billion, which came \u2062in slightly below Subway\u2019s \u2062asking price of $10 billion.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>Subway commented on the transaction, stating it\u2019s a \u201cmajor milestone \u200bin Subway\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/subway-exploring-a-sale-at-10-billion-valuation\/\" title=\"Subway Exploring a Sale at + Billion Valuation\">multi-year transformation journey<\/a>, combining Subway\u2019s global presence and brand strength with Roark\u2019s deep expertise in restaurant and\u200b franchise business\u200b models.\u201d <\/p>\n<\/blockquote>\n<p>The firm currently owns over a dozen restaurants including Dunkin Donuts, Baskin-Robbins, Arby\u2019s and Jimmy John\u2019s. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIn essence, Roark \u200cbrings more to the table than other investors would have, and while the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/roark-capital-buys-subway-for-one-of-the-biggest-purchases-in-fast-food-industry\/\" title=\"Roark Capital acquires Subway in major fast-food deal.\">deal closed based<\/a> on cold hard \u2062cash, the outcome is a good one,\u201d \u200bNeil Saunders, a retail \u2064analyst and managing director of GlobalData analytics, said. <\/p>\n<\/blockquote>\n<p>Additionally, \u200dSubway CEO John Chidsey told The Wall Street Journal that Roark Capital is planning on keeping the sandwich chain as a separate entity within the company. <\/p>\n<p>Subway was founded in 1965 by Fred DeLuca and Peter Buck, starting\u2062 with their first sandwich shop in \u200bConnecticut and becoming a global franchise. <\/p>\n<p>However, for almost a decade sales\u200b continued to fall for the fast-food chain. In 2022, Subway ended with just over 20,000 locations open in the U.S. compared to 27,100 locations in 2015.<\/p>\n<p>Stay informed! \u2062Receive breaking news blasts directly to your\u2064 inbox for free. Subscribe\u2062 here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>As Biden continues his\u200b vacation \u200cin Lake Tahoe after a long week of selling \u2018Bidenomics\u2019, the crisis at \u2063the Southern Border\u200c is only getting worse.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>House Oversight Committee Member and \u2063Tennessee Congressman Tim Burchett believes the\u200b case for Joe Biden\u2019s impeachment is \u201cbuilding.\u201d<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Trump descends into the\u200c lair of DA Fani Willis, while BRICS expands\u2062 and the DOJ sues SpaceX<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Former President Donald \u2064Trump was the talk of the country Wednesday evening after his viral interview with former Fox News \u2064host Tucker Carlson. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Hannah Lang (Reuters) \u2013 Cryptocurrency brokers, including exchanges and\u2062 payment processors, would have to report new information on users\u2019 \u200bsales\u200d and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Hannah Lang (Reuters) \u2013 Cryptocurrency brokers, \u200bincluding exchanges and payment processors,\u200b would have\u200c to report new information on users\u2019\u2064 sales and\u2026 \u200d <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Aditi\u2064 Shah, Aditya Kalra and Nikunj \u2063Ohri NEW \u200bDELHI (Reuters) -India is working on a\u200c new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-republican-pushes-probes-into-biden-administration-ties-to-green-energy-interests\/\" title=\"Top Republican Pushes Probes Into Biden Administration Ties To Green Energy Interests\">electric vehicle policy<\/a> that\u2064 would\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Aditi Shah, Aditya Kalra and Nikunj Ohri NEW\u2062 DELHI (Reuters) -India is working on a new electric vehicle policy that \u200cwould\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>new owner. Roark Capital, a private equity firm, has acquired Subway, marking the end of the sandwich chain&#8217;s search for a new company after being family-owned for 50 years. The announcement was made on Thursday, bringing a change in leadership for the fast-food giant.<\/p>\n","protected":false},"author":2301,"featured_media":2012119,"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":[542],"tags":[],"class_list":["post-2012118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"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\/2012118","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\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2012118"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2012118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2012119"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2012118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2012118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2012118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}