Roark Capital to buy sandwich chain Subway for up to US$9.55 billion
Inside Retail
AUGUST 24, 2023
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. JPMorgan Chase and law firm Sullivan & Cromwell LLP advised Subway.
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