Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
Headline from KVIA El Paso
By Jordan Valinsky, CNN New York (CNN) — Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched brands like Subway.
KVIA El Paso's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Jordan Valinsky, CNN New York (CNN) — Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched brands like Subway.
Asset management firm Blackstone is becoming the majority owner of sandwich chain Jersey Mike’s in a deal that values the company at a reported $8 billion.
Blackstone has agreed to buy Jersey Mike's Subs, the sandwich chain said Tuesday, in a deal that a source said valued the company at around $8 billion, including debt.
Forbes spoke to the sandwich chain’s owner Peter Cancro earlier this year about selling out and why he would trust Blackstone with the business he’s owned since age 17.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone | Since Then
