Subway foot traffic crumbles more than 20% as sandwich maker OKs...

Subway, which has experienced a 21.6% decline in foot traffic over the past four years, will face substantial challenges in revitalizing the brand after being acquired by Roark Capital, according to an industry expert.

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Relevant topic timeline:

8/24/2023

Subway sells itself to Dunkin' owner Roark Capital

Private equity firm Roark Capital is acquiring Subway, marking the end of the sandwich chain's family ownership and potentially signaling a new era for the struggling company.

9/17/2023

Subway's $9.6B Sale to Roark Capital Faces Antitrust Concerns Over Competing Sandwich Chains

Subway's $9.6 billion deal with Roark Capital may face antitrust scrutiny due to strict competitive rules outlined in Subway's franchise agreement, potentially causing issues with regulators.

9/20/2023

Aronson Faces Fast-Food Test With $9.7B Subway Takeover After Quiet Rise To Franchise King

Roark Capital's Neal Aronson faces the challenge of turning around Subway, the sandwich chain that has been struggling with closures and competition, after winning a $9.7 billion bid for the company.