The sale ends an era during which the sandwich chain was owned by its two founding families for more than 50 years.
Subway on Thursday ended its drawn-out auction to sell the family-owned sandwich chain by agreeing to a a $9.6 billion deal with the private equity firm that owns Dunkin’ Brands.
The firm, which is expected to focus on expanding Subway’s international footprint, could combine Subway and Dunkin’ in the same locations to better attract investors, restaurant consultant John Gordon said. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Chidsey said.
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Subway sells itself to Dunkin' owner Roark CapitalThe Roark deal ends more than five decades of private family ownership for Subway.
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Subway sandwich chain sells itself to Dunkin' owner Roark CapitalThe Roark deal ends more than five decades of private family ownership for Subway.
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Sandwich chain Subway will be sold to Arby's owner Roark CapitalSandwich chain Subway said Thursday it will be sold to the private equity firm Roark Capital. Terms of the deal weren’t disclosed.
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Sandwich chain Subway will be sold to Arby's owner Roark CapitalSandwich chain Subway said Thursday it will be sold to the private equity firm Roark Capital.
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Sandwich chain Subway agrees to sell itself to Arby's owner Roark CapitalSubway has agreed to sell itself to private equity firm Roark Capital in a deal valuing the sandwich chain at more than $9 billion, sources said, ending a long-drawn auction that saw several bids from buyout firms.
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Sandwich chain Subway will be sold to Arby's owner Roark CapitalSandwich chain Subway said Thursday it will be sold to the private equity firm Roark Capital.
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