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Jersey Mike's Subs

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

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

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

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.

Financing

Looking for the next Chipotle? These 3 chains are already there

By Jonathan Maze on May 03, 2024

The Bottom Line: Wingstop, Raising Cane’s and Jersey Mike’s have broken free from the pack of well-established growth chains. Here’s why this trio stands out.

Leadership

Jersey Mike's Peter Cancro is named RB's 2024 Restaurant Leader of the Year

By Peter Romeo on Apr. 12, 2024

The CEO was chosen by the editorial staff of Restaurant Business in recognition of the success and give-back culture the Jersey native has made constants for the high-flying chain.

Leadership

You can't take the station wagon out of Peter Cancro

By Peter Romeo on Apr. 12, 2024

His hands-on, down-to-earth style, forged when he bought the chain at just 17, has persisted through five decades. It’s a success formula that has earned him the selection as this year’s Restaurant Leader of the Year.

Financing

A tale of two Subway competitors

By Jonathan Maze on Apr. 10, 2024

The Bottom Line: As thriving fast-food sandwich chain Jersey Mike’s ponders a potential $8 billion sale, it’s worth comparing the brand to a long-vanquished rival: Quiznos. The difference is unit economics.

Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

By Peter Romeo on Apr. 05, 2024

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

Marketing

Jersey Mike's annual Month of Giving generates $25M for charities

By Peter Romeo on Apr. 03, 2024

The record intake in March surpassed the sub sandwich chain's previous high mark by 19%.

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