Aug 24, 2023
Subway agrees sale to Dunkin' Donuts owner Roark Capital
Sandwich chain Subway has agreed a deal to be bought by a private equity firm, ending six decades of family ownership. The chain did not reveal the terms of the deal, but Reuters reported it has been valued at more than $9bn. Subway has grown rapidly in recent years but has faced soaring costs and increased competition. The sale will make Roark Capital one of the largest restaurant operators in the world. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said John Chidsey, chief executive of Subway. Subway restaurants are owned and operated by franchisees, including thousands of entrepreneurs and small business owners.
Related companies
Make a complaint about Subway by viewing their customer service contacts.
