Subway sold to Dunkin Donuts’ owner Roark Capital in £7.55bn mega-deal Subway Subway has agreed to sell itself to private equity firm Roark Capital, the owner of Dunkin Donuts and Arby’s, in a deal rumoured to be worth $9.55bn (£7.55bn). Earlier this year the sandwich maker said it was exploring options to sell the business, which has been in hands of the DeLuca and Buck families for [...]
Subway mulls selling business in deal that could be worth over £8bn Fast Food Family owners of sandwich giant Subway are considering a possible sale, in a deal that could be worth as much as £8bn. In a statement, the American fast-food firm said “its shareholders are exploring a possible sale of the company” after 60 years of family ownership, but added there “is no indication of timing or [...]
Subway: ‘Club’ deal as Advent, Bain and TPG face off with Asda owners in £8bn race for sandwich giant Subway A flock of the world’s biggest buyout firms are eyeing the possibility of a joint bid for Subway, joining the owners of Asda in the race to acquire the sandwich chain. Advent International, Bain Capital and TPG are considering teaming up in a so-called “club deal” as the second round of auctioning for the American [...]
Asda owners shrug off £9bn debt pile and size up £8bn Subway take over March 28, 2023 The billionaire owners of supermarket Asdaare reportedly sizing up an £8bn takeover of global sandwich maker Subway. According to reports in The Sun, billionaire’s Mohsin and Zuber Issa are understood to be eyeing up the 44,000 restaurant chain. The pair, who gained their notoriety as the founders of forecourt business EG Group, already have Subway [...]
Gunman on the run after injuring 13 on New York subway April 12, 2022 Thirteen people have been injured, including five who were shot at a New York subway station, police have said. Armed emergency services cornered off the area around 36th Street subway station in Brooklyn on Tuesday, after reports of an active shooter injuring multiple people. According to the New York Times, the victims were shot on [...]
New York: Police arrest man suspected of subway station shooting after manhunt April 14, 2022 Police in New York have arrested a man suspected of injuring 23 people in a shooting at a subway station. The man was arrested on a federal charge of violently attacking a mass transportation system, after a manhunt following the incident on Tuesday. Frank Robert James, 62, was taken into custody in lower Manhattan on [...]
Still serving Moscow: Subway increasingly sandwiched between Russian interests and pressure to pull out March 23, 2022 Sandwich giant Subway is coming increasingly under pressure to shut down all of its operations across Russia which, unlike most other western companies, it has so far refused to close its 450 branches across the country. In a statement issued late last night, Subway explained it has no intention to cease operations in Russia as it “has [...]
New York subway shooting: ‘Person of interest’ image released, as NYPD say he taunted mayor in online videos April 13, 2022 New York police have stepped up the state-wide manhunt for a “person of interest” who set off smoke bombs and shot 10 people and injured at least 23 23 on a New York subway. Tuesday’s attack led to armed police and emergency services cornering off the area in Brooklyn, as the NYPD named as Frank [...]
Fishy business: US lab fails to find tuna DNA in Subway tuna sandwiches June 22, 2021 A US lab could not find tuna DNA in 60 inches of Subway sandwiches supposedly serving the fish. The lab performed PCR tests, commissioned by the New York Times, to find if samples of the sandwich filling contained one of five common tuna species. “No amplifiable tuna DNA was present in the sample and so [...]
Uber and Lyft U-turn following New York shooting surge charge April 13, 2022 Uber and Lyft face public backlash after prices surged during the New York subway shootings yesterday.