Roark Capital to buy sandwich chain Subway for up to US$9.55 billion
Inside Retail
AUGUST 24, 2023
The deal contact allows for 12 months for the transaction to be completed, according to the sources. Subway, which has closed thousands of US locations since 2016, said a year ago that it wants to shift away from its current base of small franchisees that own just one or two shops, which tend to be family-run and sometimes barely scrape by.
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