DIRS.INFO The most relevant business & tech news

This is weighing on how much the private equity firms are offering to buy companies. So far, bids for Subway have ranged between $8.5 billion and $10 billion, one of the sources said. This is a more expensive route that private equity firms may not opt for, three of the sources added. To be sure, Subway is allowing bidders to use any financing route they want, as long as they can show they can secure committed financing. TPG and Bain were part of a group that owned Burger King when John Chidsey, who is now Subway's CEO, headed that burger fast-food restaurant chain.

☆ 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%.

☆ IHOP overhauls its menu: Cinn-A-Stack pancakes are back, savory crepes are in
▼ + stars: | 2023-03-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

IHOP on Wednesday unveiled a revamped menu that includes more than a dozen new items and the return of its popular Cinn-A-Stack pancakes. The new menu, which will be available nationwide on April 3, spans breakfast, lunch and dinner and revives several items that disappeared during the pandemic, like the Cinn-A-Stack pancakes and Eggs Benedict. IHOP was fielding almost a dozen requests every week from customers asking for Cinna-A-Stack pancakes back on the menu, according to Donahue. Donahue said bringing back old favorites, like the Eggs Benedict, meant reminding workers how to poach eggs, for example. IHOP rival Denny's recently revealed its own updated menu, made possible by recent kitchen renovations.

☆ Subway will sell 50% discounts for its footlong sandwiches to app users — and they could sell out within hours
▼ + stars: | 2023-03-17 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Subway is bringing back its Footlong Pass subscription program. Passes will be available on the chain's app, which has seen a surge in downloads lately, as well as online. And, they're about to surge even more as the chain plans to bring back its wildly popular $15 Footlong Pass deal. One million Subway app downloads in a monthAccording to app intelligence firm Apptopia, Subway's menu overhaul, and recent promotions are causing a surge in app downloads. McDonald's (3.2 million downloads) and Starbucks (1.3 million downloads) came in at No.

☆ 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.

☆ Premarket stocks: The job market is making traders' heads explode
▼ + stars: | 2023-02-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s expectations. “It’s tough to say that… Some of those people making those layoffs are our clients.”Alaska Air Group noted a smaller number of tech workers and tech companies using their airline. In San Francisco, apartment rents have fallen and tech layoffs have further weakened the housing market. Manufacturing layoffs: While tech layoffs may not be a leading recession indicator, a decrease in manufacturing hiring could be an ominous sign of things to come. What’s next: Investors looking for clarity on a confusing labor market are unlikely to find it in the frequently revised, high-frequency weekly jobless claims data on Thursday.

☆ Subway says it's exploring a sale
▼ + stars: | 2023-02-14 | by ( Samantha Delouya | Nancy Luna | ) www.businessinsider.com time to read: +2 min

Subway said Tuesday that it is exploring a sale of the chain. Last month the WSJ said Subway was up for sale in a deal that could fetch more than $10 billion. "There is no indication of timing or assurance that a sale will occur," the sandwich chain said in a brief statement. Last month, the Wall Street Journal said Subway was exploring a sale that could value the sandwich chain at more than $10 billion. In late January, Subway's late cofounder, Buck, gave his 50% stake in Subway to his foundation, where his two sons work.

☆ Subway is reportedly looking to put itself up for sale in a deal that could exceed $10 billion
▼ + stars: | 2023-01-12 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Subway is looking to put itself up for sale in a deal that could fetch more than $10 billion, according to the WSJ. The reported decision comes a little more than a year after the company's last surviving founder died in 2021. Subway is undergoing a revamp under CEO John Chidsey after facing slumping sales and store closures. The sandwich chain is reportedly looking to court corporate buyers or private-equity companies but is still early in the process. In a statement to Insider, a Subway spokesperson said: "As a privately held company, we don't comment on ownership structure and business plans.

☆ Jim Cramer's top 10 things to watch in the market Thursday: CPI matches, Peltz Disney fight
▼ + stars: | 2023-01-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

To be sure, though, the CPI print is good news, ending 2022 down 0.1% month over month and up 6.5% year over year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ China's big cities are starting to look past Covid, while rural areas brace for infections
▼ + stars: | 2023-01-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Subway passenger traffic in Shanghai is quickly returning to levels seen before the latest Covid wave, according to Wind data. Subway and road data show traffic in major cities is rebounding, he pointed out, indicating the worst of the latest Covid wave has passed. "The dramatic U-turn in China's Covid policy since mid-Nov implies deeper short-term economic contraction but faster reopening and recovery," Hu said in a report Wednesday. In the last several days, the southern city of Guangzhou and the tourist destination of Sanya said they'd passed the peak of the Covid wave. watch nowChongqing was the most congested city in mainland China during Thursday morning's rush hour, according to Baidu traffic data.

☆ China is reopening after zero-Covid. But there's a long road ahead
▼ + stars: | 2022-12-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

In major cities Shanghai and Shenzhen, Friday morning rush hour traffic was extremely light, according to Baidu data. Subway ridership in major cities as of Thursday remained well below the normal range, according to Wind Information. "It will be the first time in nearly three years that mass migration will resume in China as families congregate." As for foreign direct investment into China, Hart said he expected it would take about a year after travel fully reopens for such investment to start recovering. Hainan hotel bookings last week rose by 20% from the prior week, Trip.com said.

☆ Russia launches another major missile attack on Ukraine
▼ + stars: | 2022-12-16 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Ukrainian authorities reported explosions in at least three cities Friday, saying Russia has launched a major missile attack on energy facilities and infrastructure. Kharkiv regional governor Oleh Syniehubov reported three strikes on the city’s critical infrastructure. Kyiv Mayor Vitali Klitschko reported explosions in at least four districts, urging residents to go to shelters. But trains continued to run by switching from electric power to steam-engine power, which had been readied as a backup. The previous such round of massive Russian air strikes across the country took place on Dec. 5.

☆ Beijing grinds to a near halt as China's capital city battles Covid with more lockdowns
▼ + stars: | 2022-11-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty ImagesBEIJING — China's capital city is grinding to a near standstill as Covid controls spread. Beijing city government did not immediately respond to a request for comment. watch nowLocal infections have surged despite gradual tightening of Covid measures over the last two weeks. Beijing city reported more than 1,800 Covid infections for Thursday, bringing the total for the month to well over 10,000.

☆ Subway is selling premade sandwiches from AI fridges which it says can hear you talk and answer your questions
▼ + stars: | 2022-11-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Subway says it plans to roll out more smart fridges, which can understand speech and sell premade sandwiches. Subway says that, like its Grab and Go counters, the fridges are designed for places like airports and hospitals. Its smart fridge uses AI and natural language processing so that "guests can talk directly to the smart fridge and ask about any of the products inside," Subway says. And because the sandwiches are premade with no customizations, they'll be quicker and easier for staff to make, reducing expenditure on labor. SubwayIn 2020, Subway started rolling out kiosk displays that sell sandwiches premade by franchisees at Subway stores.

☆ Subway to sell sandwiches in smart vending machines
▼ + stars: | 2022-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN Business —Your next Subway order could come from a vending machine. Subway reported strong third-quarter sales Monday and publicly unveiled its first Grab and Go “smart fridge” filled with premade sandwiches, snacks and drinks. Subway is rolling out Grab & Go fridges that have pre-mad sandwiches. In 2020 the company began selling premade sandwiches in regular fridges at retail locations like casinos, gas stations and airports. Subway attributed its recent success to its new “Subway Series” menu — which was streamlined to help speed up service — and an increase in digital orders.

New York, home of the largest rapid transit system in the country, will install surveillance cameras in every New York City subway car by 2025, Gov. The move is aimed at increasing riders’ confidence in subway safety, Hochul said, as ridership numbers are still lagging behind pre-pandemic levels. But the decision to install cameras on subway cars worries some privacy advocates, who say it will increase the level of surveillance of New Yorkers without necessarily making the subway safer. Subway stations in the city already have surveillance cameras. Instead, Hochul framed the matter of cameras in subway cars as purely one of public safety and rider confidence.

☆ Fast-food workers are gaining millions of TikTok followers with on-the-job videos, but the trend has muddied the relationship between brands, creators, and consumers
▼ + stars: | 2021-07-24 | by ( Amelia Tait | ) www.businessinsider.com time to read: +7 min

In the last year, Mirg has accumulated over 4.4 million TikTok followers and 1.8 million YouTube followers who watch him cutting bread, arranging cheese, and tossing cucumber slices into their container. POV videos from service workers have become a huge TikTok trendNumerous fast-food workers have built followings of millions by filming themselves at work. 24-year-old Dylan Lemay began TikToking at Cold Stone Creamery in 2020 and now has 9.8 million followers. Starbucks employee Maya Smith has gained 2.1 million followers making videos mixing drinks. While there is an appetite for this format of content, advertising legislations (and perhaps some store managers) have yet to catch up.

Search resuls for: ". Subway"

19 mentions found