Posted on 08/24/2023 10:44:22 AM PDT by DFG
Subway on Thursday ended its drawn-out auction to sell the family-owned sandwich chain by agreeing to a $9.6 billion deal with the private equity firm that owns Dunkin’ Brands.
The sale to Roark Capital, which also backs several other fast-food chains through its restaurant conglomerate Inspire Brands, brings to close an era during which Subway was owned by its two founding families for more than 50 years.
“The transaction is a major milestone in Subway’s multi-year transformation journey, combining Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models,” Subway said in a statement.
The Atlanta-based private equity firm, which has $37 billion in assets under management, is also an investor in Auntie Anne’s, Baskin Robbins, Buffalo Wild Wings, Sonic Drive-In, and Arby’s.
In 2020, Inspire Brands paid $8.8 billion for Dunkin’ Brands Group.
Roark was the highest bidder in the roughly nine-month long auction for Subway, which has about 37,000 restaurants in more than 100 countries.
(Excerpt) Read more at nypost.com ...
So can I dunk my meatball sub in my coffee now? Or will that still be frowned upon?
I went into a Subway recently for the first time in a few years. I was stunned that they now charge $8 and $9 for a six-inch sandwich. Not even a meal. Just the sandwich.
I did not eat there.
Better off paying $9 for cold cuts and bread and making 5 sandwiches
You can get your meatballs, tomato sauce and cheese on a 6 or 12 inch glazed donut. 😋
and on Tuesdays we are offering our very own Jarred sandwich packed with fake tuna and our special sauce.
:-)
Dunking Donuts. Their coffee sucks and their donuts aren’t that good anymore. Every town in eastern Massachusetts has at least one, if not three or four.
Bidenomics at work.
A food truck burrito is $15. A burger is $20 minimum. Adult sodas are $12 a six pack.
Dunkin' Donuts went "meh". at least 15 years ago, probably longer.
The last time I stopped at a store, in 2012, for Baskin Robbins ice cream and a donut, only the maple bars were still good, the rest of the selection I bought was "meh". At least the ice cream was still as good.
Subway is the chain that had the pedophile Jared and recently the pink-blue-haired lesbian skank RapinHoe!
Die suckers, die!
That purpled haired girl said they put turds in their subs
What was Subway’s market cap at their peak?
I don’t support any of these places, all are junk. There goal is to make money over lifetimes, get people addicted then slowly killing people over years, with what they serve.
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