Jersey Mike’s Subs Considers Selling Business to Blackstone.
The Wall Street Journal, citing anonymous sources, has reported that Jersey Mike’s Subs, a privately-held company, has engaged in intermittent discussions with Blackstone, a financial services firm.
If a deal were to materialize, it could value Jersey Mike’s at $8 billion. However, The Journal notes that the sandwich chain may ultimately decide against the deal.
Since its establishment in 1956 in Point Pleasant, New Jersey, along the Jersey Shore, Jersey Mike’s Subs has expanded significantly.
Today, the submarine sandwich chain boasts over 2,800 operational or in-development locations.
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