Sandwich creator Jersey Mike’s Subs is thinking about selling its business to financial services firm Blackstone.
view video
The Wall Street Journal, citing unnamed sources, reports that the privately-held company has held periodic discussions with Blackstone. Should a deal happen, it would put Jersey Mike’s valuation at $8 billion. But the sandwich chain still may not go through with the deal, The Journal reports.
Jersey Mike’s Subs has come a long way from its 1956 opening in Point Pleasant, New Jersey, nestled on the Jersey Shore. The submarine sandwich chain today has over 2,800 locations that are open or under development.
Advertisement
More retail news
McDonald’s and Chipotle may raise prices after California’s minimum wage hike
Jersey Mike’s Adopts New Slogan (and First Celebrity Endorsement)
Krispy Kreme stock is spiking because the McDonald’s partnership is a ‘game changer’
Advertisement
Subway is switching from Coke to Pepsi
99 Cents Only Stores is going out of business
Home Depot’s $18 billion roofing company deal ‘is opening up a new customer for us,’ CFO says
Advertisement
Express could file for bankruptcy soon
DoorDash is bringing Lowe’s to your door