Jersey Mike's Subs
Jersey Mike's Subs is a fast-casual sandwich franchise chain founded in 1956 in Point Pleasant, New Jersey, operating over 3,200 locations across the U.S. and Canada that serve fresh-sliced and fresh-grilled submarine sandwiches. The company operates as a franchisor, with individually owned and operated locations, and is backed by Blackstone, with ambitions to expand to 10,000 stores globally.
“Jersey Mike's Subs, a sandwich chain with no apparent tech angle, raised $1B. This contradicts the narrative that non-AI, non-infrastructure deals are being starved of capital.”
“Jersey Mike's Subs... Raises $1B.”
“Jersey Mike's completed a $1 billion IPO backed by Blackstone's $8 billion buyout, but shares fell ~6% on the first day of trading.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.