Subway is officially being acquired by a private equity firm. The restaurant chain made the announcement Thursday. They’re selling the business to Roark Capital Group, which has investments in companies including Inspire Brands, which owns Arby’s, Baskin Robbins, Buffalo Wild Wings, Dunkin’, and Sonic. In a statement, Subway CEO John Chidsey said the company has a “bright future” with Roark, adding that they will continue to focus on, quote, “our franchisees, our guests and our employees.”
***Courtesy of Total Traffic News***
