The Roark deal ends more than five decades of private family ownership for Subway.
Sandwich chain Subway is being sold, ending more than five decades of private family ownership.
Roark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new era for the struggling company.kicked off in February. Subway reportedly sought $10 billion, a high price that alienated many potential suitors like restaurant conglomerates, leaving only private equity firms to duke it out in an auction. Other reported bidders included TDR Capital and Sycamore Partners.
Subway has been trying to turn around its business under CEO John Chidsey, who joined the company in 2019. The company has revamped
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