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☆ Subway is adding something big to its menu
  + stars: | 2024-01-18 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
The permanent sides, called Subway Sidekicks, will be available across the US beginning January 22. Sidekicks marks a whole new menu category for Subway, best known for their sandwiches. The additions come from customers demanding more from the menu, according to Douglas Fry, Subway’s North America president. Technomic data shows that Subway also lags in sales for sides and snacks compared to its competitors. Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.
Persons: Auntie Anne’s, Douglas Fry, “, we’ve, ” Fry, Fry, ”, David Henkes, ” Henkes, doesn’t, Jimmy John’s, Roark Organizations: New, New York CNN, Subway, North America, CNN, “, Sidekicks, US Subway, QSR Magazine, Jersey, Roark Capital Locations: New York, North America
☆ Subway has sold itself to a private equity firm
  + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.
Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada
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