PSA – For All You Sandwich Lovers Out There

Sandwich Chain Subway Will Be Sold to Arby’s Owner Roark Capital
www.myhighplains.com | Aug 24, 2023

MILFORD, Connecticut (AP) – Sandwich chain Subway said Thursday it will be sold to the private equity firm Roark Capital.

Terms of the deal weren’t disclosed. Earlier this week, The Wall Street Journal reported that Roark was offering around $9.6 billion for Subway, which is privately owned.

Subway CEO John Chidsey said the deal reflects Subway’s long-term growth potential and the value of the brand. Subway plans to continue to modernize restaurants and expand internationally under Roark’s ownership.

Roark is a private equity firm with $37 billion in assets under management. It specializes in franchised businesses, and owns multiple restaurant chains, including Arby’s, Dunkin’ and Buffalo Wild Wings.

Subway, which has dual headquarters in Miami and Connecticut, was founded in 1965 and is still owned by its founding families. It’s now one of the world’s largest restaurant chains, with 37,000 outlets in more than 100 countries.

But in the U.S., it has been losing market share in recent years to fast-growing rivals like Panera and Firehouse Subs, which feature more varied menus and newer stores. Subway has been trying to catch up; in 2021 it refreshed its menu and last year it announced a line of chef-developed sandwiches.

But in February, Subway announced it was exploring a sale.

My experience with Subway?

LOVED their foot-long Italians throughout college. Their bread was superfine. Their sandwiches stuffed. Probably got them twice a week.

Tried to re-create the experience in adulthood. Not possible. Weak service, weak meat, weak everything. Went to one at an airport once. I think I threw half the damn thing out. Tried it again in a tourist town, not far from Milford, Connecticut. Same experience. Wrapping paper with a thong or two between it.

From then on, I’ve hated Subway. Went out of my way to avoid it. Now, it’s sold. Good riddance. Pfecch!

Straight Line of the Day! So, What Could the Sound Be?

Ford Confronts Strange, Ear-Piercing Static in F-150 Trucks
WSJ | 23 Aug 23 | Nora Eckert

Phil Floraday was driving his F-150 pickup last fall when his truck’s audio system suddenly emitted a loud, crashing sound that, to him, resembled glass shattering, and then blaring static.

His ears rang for days after the event, he said.

On online forums, F-150 owners have been airing similar accounts of an odd sound, which some describe as a “sonic boom” or “ear-piercing static.” Drivers, in some cases, were able to turn it off right away. Others say it lasted for 15 minutes or more, persisting even after the car was shut off.

SI Swimsuit Madness : Round 1 Matches 23 & 24 Results Round 1 Matches 21 & 22

Hope everyone had a fantastic Labor Day weekend. So sorry to hear of the passing of Jimmy Buffett. Did a few margaritas myself. So we have last week’s winners and this week’s matches. Enjoy.

Results

Round 1 Match 21

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Who do you prefer?
65 votes

Round 1 Match 22

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Who do you prefer?
64 votes

This Week

Round 1 Match 23

Kim Riekenberg vs Kristen Louelle

Kim Riekenberg

VS

Kristen Louelle

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Who do you prefer?
74 votes

Round 1 Match 24

Lacy Schnoor vs Leryn Franco

Lacy Schnoor

VS

Leryn Franco

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Who do you prefer?
72 votes