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☆ Jared Fogle, former face of Subway and admitted child abuser, is scheduled to be released from prison a year early
▼ + stars: | 2023-11-25 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +3 min

Jared Fogle was once the face of Subway sandwiches. In 2015, Fogle was sentenced to 15 years in federal prison for having sex with minors. AdvertisementFor the last eight years, Jared Fogle, once the face of Subway sandwiches, has been living on an even blander diet at a federal prison mess hall. AdvertisementThe BOP declined to comment on Fogle's release date, per security policy, and it is unclear when his release was scheduled. An attorney for Fogle could not immediately be identified, as he represented himself in his last federal court matter.

Persons: Jared Fogle, Fogle, —, Fogle's, Kathleen McLaughlin, AP Fogle Organizations: Service, FCI, Business, Subway, FBI, AP, of, of Prisons Locations: FCI Englewood, Colorado, Indiana, Littleton , Colorado

☆ I visited 4 Subway locations and saw firsthand what challenges its new owners will face. I found stale bread, bad tuna, and outdated, dirty restaurants.
▼ + stars: | 2023-09-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.

Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, —, Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange

☆ Factbox: Subway to sell itself to Roark Capital
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsAug 24 (Reuters) - Roark Capital snapped up Subway in a $9.55 billion deal, sources said on Thursday, after it outbid several private-equity groups. The pair then started franchising Subway restaurants, with the first outlet outside of Connecticut being opened in Massachusetts a year later. For 2022, Subway posted a 9.2% year-over-year increase in same-store sales, thanks to its "Subway Series" menu - a lineup of 12 new signature sandwiches. In March, Goldman Sachs' (GS.N) asset management arm, PE firms Bain Capital, TPG, TDR Capital, Advent International and Roark Capital emerged among the list of suitors for the sandwich chain. Reuters reported earlier this week, citing sources that Roark Capital was in the lead to acquire the chain for well over $9 billion after attaching conditions to some of the windfall the two families that own it would get.

Persons: Thomas White, Roark Capital, Fred DeLuca, Peter Buck, DeLuca, Buck, Arby's, Quiznos, Burger, Jared Fogle, Chidsey, John Chidsey, Morgan, Goldman Sachs, Roark, Deborah Sophia, Granth Vanaik, Varun, Anil D'Silva Organizations: REUTERS, Subway, KFC, Bain Capital, TPG, TDR, Advent International, Roark Capital, Reuters, Thomson Locations: Bridgeport , Connecticut, Connecticut, Massachusetts, Bahrain, Subway, United States, Burger, U.S, North America, Bengaluru

☆ Subway sandwich chain sells itself to Dunkin' owner Roark Capital
▼ + stars: | 2023-08-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Roark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new era for the struggling company. Subway dwarfs all of them by number of restaurants, and brings in more annual sales than all but Dunkin'. Through holding company Inspire Brands, Roark owns Dunkin', Baskin-Robbins, Sonic, Arby's, Buffalo Wild Wings and Jimmy John's. Roark plans to keep Subway as a separate entity within its portfolio, Subway CEO John Chidsey told the Journal.

Persons: Roark, Dunkin, Robbins, Jimmy John's, Anne's, Carvel, Neil Saunders, John Chidsey, Chidsey, Fred DeLuca, Peter Buck, Jared Fogle, DeLuca, Buck Organizations: Roark Capital, Subway, TDR, Sycamore Partners, Wall Street, Inspire Brands, Baskin, Buffalo Wild Wings, Focus Brands, Journal ., Business Locations: Austin , Texas, Cinnabon, Connecticut, U.S

☆ Subway is making an epic comeback at the best possible time
▼ + stars: | 2023-04-24 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +3 min

Subway's global same-store sales surged by more than 12% in the most recent quarter, the chain said. In the most recent quarter, global same-store sales surged by more than 12%, the chain said. He told Restaurant Business that Subway currently has 16,500 stores overseas but believes it should have 40,000 or even 60,000. Subway's recent menu updates have helped spur growth. In February, Subway's app was the third-most downloaded fast-food app in the US, logging 1 million downloads, Apptopia said in an article published in QSR Magazine.

☆ Subway reports double-digit quarterly sales growth as sandwich chain seeks buyer
▼ + stars: | 2023-04-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

In this photo illustration, a Subway sandwich is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Sandwich chain Subway reported double-digit same-store sales growth in the first quarter, showing its turnaround taking hold as the company seeks to sell itself. The restaurant company is reportedly seeking a valuation of at least $10 billion, and the auction is heading into its second round, according to The Wall Street Journal. Globally, Subway's same-store sales climbed 12.1%, and its digital sales increased 11.4%. In North America, same-store sales grew 11.7%, and digital sales soared 21.2%.

☆ New documentary reveals how Jared Fogle led a 'double life' as a 'puppet master' who committed child sex acts while pitching sandwiches for Subway
▼ + stars: | 2023-03-05 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

Jared Fogle became Subway's pitchman after losing 245 pounds by mostly eating the chain's subs. He filmed over 300 ads for Subway before pleading guilty to child sex acts in 2015. Jared Fogle became a pop-culture icon after being tapped as the face of Subway in 2000. A random tip in 2015 finally exposed him as a child sex predator. Here are the most revealing highlights:Jared Fogle led a "double life," according to a documentary about his child sex crimes.

☆ A new documentary on Subway and Jared Fogle couldn't come at a worse time
▼ + stars: | 2023-02-25 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Jared Fogle became Subway's pitchman after losing 245 pounds by mostly eating the chain's subs. A Fogle documentary airing in March is bad timing for Subway as it looks for a buyer, analysts say. Yet, a ghost from Subway's past, Jared Fogle, is returning to haunt America's largest sub chain. The new documentary series promises to reveal the "rise and fall" of the former Subway pitchman who "masqueraded as a national hero while hiding a horrific side." Are you a Subway insider with insight to share?

☆ How Jared Fogle went from Subway star to shunned spokesman: New documentary details fall from grace, as sandwich chain eyes potential sale
▼ + stars: | 2023-02-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Jared Fogle was known as Subway's spokesperson up until 2015 when his home was raided by the FBI. A new documentary of Fogle is coming in March, as Subway teases a possible sale of the company. As Subway considers a potential sale of its more than $10 billion restaurant chain, and with a documentary on Fogle set to air in just a few weeks, here's how he went from Subway celebrity to shunned spokesman. Jared Fogle. APA Subway spokesman is bornIn a 2004 interview with CBS, Jared said he weighed 425 pounds before using Subway sandwiches to aid in his over 200-pound weight loss.

☆ Ye's ugly break-up with Adidas and Gap show the risks of celebrity partnerships
▼ + stars: | 2022-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The line also helped Adidas (ADDDF) get shelf space at major retailers and brought new customers into the stores who bought other Adidas (ADDDF) merchandise. Other fashion brands that bet on Ye, including Gap (GPS)and Balenciaga, have also ended their partnerships in recent weeks. The partnership with Ye and subsequent fallout highlights the risks of retail brands relying on celebrities to appeal to shoppers. A 2012 study published in the Journal of Advertising Research found that celebrity endorsements from athletes can increase a brand’s sales by 4%. Instead of pulling the plug on Ye immediately, Adidas’ slow response allowed anger and protests over the brand’s ties to him to grow online for more than a week.

Subway opened in the 1960s and scaled to become one of the largest fast-food chains in the world. The chain took a turn in 2014 when sales declined and after a scandal tied to pitchman Jared Fogle. Despite closing thousands of sub shops, Subway was able to sell itself this week to Roark Capital. In the '80s, '90s, and early 2000s, Subway was expanding rapidly, becoming the world's largest fast-food chain. Keep reading to learn how a company that was on the rise for decades suddenly took a turn for the worse.

Persons: pitchman Jared Fogle, Jared Fogle Organizations: Subway, Roark Capital, Service Locations: Wall, Silicon

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