The new owner of Subway already has a lot on its plate.
that the deal valued the sandwich chain for about $9.6 billion. Roark Capital currently has $37 billion in assets under management.
Roark owns Inspire Brands — which includes Arby’s, Baskin Robbins, Buffalo Wild Wings, Dunkin’, Jimmy John’s, and Sonic — as well as Focus Brands, which includes Auntie Anne's Pretzels and Jamba Juice. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said Subway CEO John Chidsey, who joined in 2019 after serving as CEO and Chairman of Burger King. "Subway has a bright future with Roark, and we are committed to continuing to focus on a win-win-win approach for our franchisees, our guests and our employees.
"Given that they already own the Jimmy John's brand — it's extremely unusual to see a chain operate two concepts under the same quick-service restaurant "umbrella," given that in many cases those franchise disclosure documents contain restrictions on opening restaurants which directly compete. Even to the extent that the core Subway and Jimmy John's customer is slightly different, it's a curious strategic move," Dunlop told Yahoo Finance over email.
He said the only comparison would be when Darden bought Ruths' Chris steakhouse, although they also own Longhorn. The difference, the two steakhouses cater to two different consumers.
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