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Jersey Mike's Subs

Leadership

Charlie Morrison to be the new CEO of Jersey Mike's

 By Jonathan Maze on Apr. 24, 2025

The former Wingstop chief executive will take over as CEO of the sandwich chain, while founder Peter Cancro will remain chairman. Morrison will be only the second CEO in the company’s history.

Leadership

The next step for Jersey Mike's? Europe and a new CEO, eventually

 By Jonathan Maze on Apr. 08, 2025

The sandwich chain, which just completed its sale to Blackstone, is thriving in Canada and wants to cross the pond. But it also has big plans here and ultimately will bring in a new chief executive.

Marketing

Jersey Mike's has a sponsorship deal with the NFL

By Jonathan Maze on Mar. 31, 2025

The fast-food sandwich chain has a deal with the National Football League, just months after it completed its sale to the private-equity firm Blackstone.

Financing

Why Jersey Mike's returned money to some franchisees

By Jonathan Maze on Jan. 06, 2025

The Bottom Line: Peter Cancro was so determined to improve operations at the sandwich chain that he sacrificed revenue and unit growth to get it. It’s a lesson others should follow.

Financing

Why Peter Cancro decided to sell Jersey Mike's

By Jonathan Maze on Dec. 20, 2024

Exclusive: In his first interview since selling the sandwich chain to private-equity firm Blackstone for $8 billion, the owner and longtime CEO said now was the time to make a move. But he remains invested in the company he first bought as a high schooler.

Workforce

Sysco employees say they're set to strike in Houston—and possibly elsewhere

By Peter Romeo on Dec. 20, 2024

The walkout would affect a host of restaurants in the market, including local units of The Cheesecake Factory, Jersey Mike's, Jimmy John's, Pappas Restaurants and the Buc-ee's c-store chain, according to the local Teamsters chapter planning the strike.

Financing

Just like that, Blackstone becomes a huge player in the restaurant business

By Jonathan Maze on Nov. 20, 2024

The Bottom Line: The private-equity firm has long invested in franchisors. But three deals worth more than $10 billion make its presence felt in the restaurant business.

Financing

Jersey Mike's is being sold to Blackstone

By Jonathan Maze on Nov. 19, 2024

The sandwich chain agreed to sell a majority stake to the private-equity firm, which owns Tropical Smoothie Café. The deal is for a reported $8 billion.

Financing

Private equity snaps up another major restaurant chain

By Jonathan Maze on Nov. 19, 2024

The Bottom Line: Blackstone is buying Jersey Mike’s. Early reaction to the deal says a lot about the reputation of private-equity firms right now.

Financing

Subway left the door open, and Jersey Mike's burst in

By Jonathan Maze on Jul. 01, 2024

As Subway's dominance has eroded over the past decade, Jersey Mike's has rapidly gained market share in the sub-sandwich restaurant category, setting the stage for an eventual takeover.

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