Sandwich chain Subway will be sold to fast-food investor Roark Capital
Private equity firm Roark specializes in franchised businesses and backs two holding companies that own multiple restaurant chains that include Arby's, Jimmy John's and Cinnabon.
by The Associated Press
Aug 24, 2023
1 minute
Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores.
Terms of the deal weren't disclosed. Earlier
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