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Food

Subway makes more changes to its menu

The sandwich giant’s third major menu overhaul, featuring slicers and a line of new subs with more meat, continues an overhaul that began two years ago.

Financing

As it nears a sale, Subway touts its international recovery

The sandwich giant over the past two years has signed deals that would add more than 9,000 restaurants internationally, turning around a business that was surprisingly weak.

The Mexican fast-food chain’s chief brand and strategy officer will take over the top job on Jan. 1 for Mark King, who is retiring.

The Bottom Line: Restaurant M&A has been slow for the past year and a half thanks to inflation and interest rates. Could these deals change its course?

In 2022, the Quiznos franchisee opened a new prototype for the chain and signed an extensive development agreement. Less than one year later, he took his own life. For his widow, the problems were just beginning.

The Mexican fast-food chain, the nation’s fourth-largest restaurant brand, believes there’s “no reason” it can’t have the same number of restaurants in the U.S. as the Golden Arches.

The company said that Taco Bell’s effort to cancel its registration is designed “to sell more tacos” and cause Taco John’s “to sell less tacos.”

The sub chain opened its first location outside of North America, in Zurich. And it has a development deal in Mexico, making the chain’s first major forays into international markets under Restaurant Brands International.

Here are the largest sandwich chains in the country based on sales, according to the Technomic Top 500 Chain Restaurant Report.

Arbour Lane Capital Management, Garnett Station Partners and Guggenheim Investments are taking majority ownership in a deal that will cut back on the fast-food chain’s debt.

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