Subway today announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in Subway’s multi-year transformation journey, combining Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models. …
Subway is installing deli meat slicers in 20,000 of its U.S. locations to give customers freshly cut meat, an endeavor it is calling “one of the most complex changes the brand has ever made.” …
Subway said Tuesday that JPMorgan is advising the Connecticut-based company and will conduct the sale exploration process. The company didn’t outline any timing and cautioned the process may not result in a sale. …
Food technology company Hero Bread™, the baking innovators that make real bread with zero to one net carb per serving, announced expanded availability of their specialty sandwich roll at Subway® restaurants in seven new markets. First introduced in October 2021 as part of a successful test at select Subway® locations in Colorado Springs, Boise, Des Moines and Atlanta, Hero Bread is now available in more than 1,600 Subway® locations across New York City Metro, The Bay Area, San Diego, Atlanta, Portland OR, Portland ME, Medford, Boise and Salt Lake City. …
Subway® restaurants announced it is the first quick service restaurant brand to offer a one-net-carb bread option for guests, as part of a new product test in partnership with food tech startup Hero Labs, Inc. (“Hero”). With just one gram of net carbohydrates, 0 grams sugar, 12 grams of protein, 26 grams of fiber and only 100 calories in a six-inch sub roll, Hero Bread™ sandwich rolls deliver the signature flavor fans love, with added nutritional benefits. …
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