Reported 1 day ago
Gas station and convenience chain RaceTrac is set to acquire sandwich maker Potbelly for $566 million, aiming to support Potbelly's growth from 445 to 2,000 locations. Potbelly's CEO believes RaceTrac's resources will enhance brand opportunities while maintaining its neighborhood appeal. The deal follows a trend in the hospitality industry, with several sandwich chains being targeted for acquisition amidst changing market dynamics after the pandemic.
Source: YAHOO