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What was once the world s largest restaurant chain, Subway is now being sold to a company that owns an upstart competitor.The king of sub sandwiches announced Thursday that it has entered a binding agreement to be acquired by Roark Capital for $9.6 billion. Subway CEO John Chidsey praised the deal, saying it sets the company up for better long-term growth and brand value. This transaction reflects Subway s long-term growth potential, and the substantial value of our brand and our franchisees around the world, Chidsey saidin a statement. Subway has a bright future with Roark, and we are committed to continuing to focus on a win-win-win approach for our franchisees, our guests and our employees. SEE MORE: Subway offering free sandwiches for life if you change your nameAtlanta-based Roark is a private equity firm with $37 billion in assets, specializing in franchised businesses, like Subway. The company also own several other restaurant chains, including Dunkin Donuts, Jimmy Johns, Arby s and Buffalo Wild Wings.Subway, which is
stanley cups uk known for its quick service and made-to-order deli sandwiches, wraps, salads and bowls, was founded in 1965 in Bridgeport, Connecticut. It has since grown to become one of the largest restaurant chains in the world, with nearly 37,000 locations worldwide and more than 20,000 locations in the U.S.Trending stor
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MILWAUKEE 鈥?Milwaukee Public Schools officials say they aim to smooth out transportation issues by the end of the week, after they say hundreds of students were left waiting for the bus on the first day of school on Monday. MPS Director of Business and Transportation Services David Solik-Fifarek said between 700 and 800 students experienced delays on Monday. He said that number was cut in half on Tuesday. Christina Lelinski drove her son to Rufus King High School all the way from the south side on Monday after the bus never showed. I asked the bus company, is there a bus coming for Nick Lelinski said. And theyre like, nope, we dont have a driver for that bus. Lelinski s son Nick has an IEP, and she hopes she can get his bus sorted out before she has to go back to work in two weeks. I called Central Office, one lady said, yep, thats right, you got no bus, Lelinski said. And I m like, thats not going to work. TMJ4 Officials blame the driver shortage. MPS says it has about 620 drivers for 700 buses. One bus company said it is looking to hire at least 100 more drivers in the Milwaukee area. Otherwise, profes
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