Subway Announces Sale to Roark Capital

August 24, 2023 Roark Capital

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 Adding Deli Slicers to Give Customers Freshly Sliced Meats In-Store for the First Time

July 10, 2023 Rob Wile, NBC

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.”

Sandwich Chain Subway is Exploring a Possible Sale

February 17, 2023 Noah Sheidlower, CNBC

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.

Hero Bread is Revolutionizing the Way Consumers Enjoy Sandwiches – Now Available at 1,600 Subway Restaurant Locations

June 2, 2022 Hero Bread

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 Testing New One Net Carb Bread Option With Hero Bread Backed by Seven-Time Super Bowl Champion Tom Brady

November 4, 2021 Subway® Restaurants

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.