Reported 15 days ago
Blackstone Inc. has reached an agreement to purchase a majority stake in Jersey Mike's, a popular sandwich chain, as part of its strategy to invest in food service businesses. Jersey Mike's founder, Peter Cancro, will retain a significant equity stake and lead the company post-acquisition, which is anticipated to close early next year. The deal may value Jersey Mike's at approximately $8 billion, marking a notable move in the competitive fast-food market.
Source: YAHOO