The private equity firm specializes in franchised businesses and owns multiple restaurant chains, including Arby's, Dunkin' and Buffalo Wild Wings is rumored to buy Subway.
https://www.cbsnews.com/news/subway-sale-roark-capital-arbys-dunkin-sonic/
Edit: Strong possibility.
Source?
https://www.cnbc.com/2023/08/24/subway-sells-to-dunkin-owner-roark-capital.html
So in other words "Roark Capital to purchase Subway?" A better question is why do all these equity firms have the most boring and generic sounding names? "We have the Capital" or "Time to make the Capital" would be way more interesting.
Cerberus (one time owner of Chrysler) had a unique name. Why they named the company after the three-headed dog of the underworld remains a mystery. I suppose it could be worse, it could have been "Fluffy".
The subject heading is incorrect. Arby's isn't buying Subway. An Equity firm that owns Arby's is also looking to own Subway.
Quote from: GaryV on August 25, 2023, 06:48:43 PM
Cerberus (one time owner of Chrysler) had a unique name. Why they named the company after the three-headed dog of the underworld remains a mystery. I suppose it could be worse, it could have been "Fluffy".
Missed opportunity to call it "Midgard Serpent Equity."
Quote from: Max Rockatansky on August 25, 2023, 05:48:22 PM
So in other words "Roark Capital to purchase Subway?" A better question is why do all these equity firms have the most boring and generic sounding names? "We have the Capital" or "Time to make the Capital" would be way more interesting.
What about "Leopards Eating Your Face Capital"? (brought to you by the political party of the same name) Their slogan could be We didn't expect Leopards Eating Your Face Capital to take over OUR COMPANY
I like it, sounds perfect for a good ole fashioned hostile takeover.
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Roark Capital, which has $37 billion under management, specializes in franchised businesses and owns multiple restaurant chains. Its brands include Arby's, Baskin-Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's and Sonic.
Everyone one of these places is worse off now than a decade ago from a quality-standpoint.
Quote from: SectorZ on August 26, 2023, 08:06:02 AM
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Roark Capital, which has $37 billion under management, specializes in franchised businesses and owns multiple restaurant chains. Its brands include Arby's, Baskin-Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's and Sonic.
Everyone one of these places is worse off now than a decade ago from a quality-standpoint.
For at least a couple of those, "worse off" would be difficult to achieve.
Other than Dunkin, which seems to dominate, it's at best a B-list of franchises.
I felt like Subway really lost its way but the location closest to my office seems to be doing well, good people, decent quality, definitely a little more affordable than my preferred sandwich chain, Jersey Mike's. I was only at a Jimmy John's a couple times. Fast? Yes. Good sandwich? No.
Last time I went into an Arby's, they took the sliced meat out of a warming tray instead of slicing it to order.
Quote from: Jim on August 26, 2023, 08:20:42 AM
I was only at a Jimmy John's a couple times. Fast? Yes. Good sandwich? No.
Try it again after 10 beers. :P
JJ's tastes amazing during one's stagger home after a night on the town.
After 10 beers, most anything tastes amazing. (Ask anyone in Norman how Pizza Shuttle stays in business...although ironically their sandwiches are excellent, unlike their cardboard-esque pizza.)
Best sandwich chain is Port of Subs, though.
Subway is fine if you are on the road and want a somewhat healthy basic sandwich.
Quote from: Max Rockatansky on August 28, 2023, 02:17:35 PM
Subway is fine if you are on the road and want a somewhat healthy basic sandwich.
My impression was that subway went from true chicken breast chunks to some sort of reprocessed stuff.
And I heard more than once that Subway franchise owners relations with headquarters are as bad as they can get...
At the end of the day Subway is fast food. Processed foods just are part of the game no matter what. It's like when people were complaining a decade or so back about dark meat McNuggets. It was lower cost cut of the chicken and of course it made the item more profitable (tastier also IMO). I'm not sure what expectations were being held for fast food white meat nuggets.
Quote from: Max Rockatansky on August 28, 2023, 03:46:14 PM
At the end of the day Subway is fast food. Processed foods just are part of the game no matter what. It's like when people were complaining a decade or so back about dark meat McNuggets. It was lower cost cut of the chicken and of course it made the item more profitable (tastier also IMO). I'm not sure what expectations were being held for fast food white meat nuggets.
It's an interesting point - what is to be expected quality-wise? When so-so quality is just about taste, when it becomes not-so-healthy, and when escalates to a health hazard, or at least stomach issue?
Ideally, all standards should be upheld at any food establishments and food may not be great but should be safe. Realistically, I certainly had to make emergency stops after eating at some places on the road. Cheapening on ingredients may - or may not - be an indication...
Personally I've found that I have rarely become ill from major fast chains. The food usually is cooked (IMO overcooked) in a standardized manner. I've found myself becoming ill numerous times from local places or random holes in the wall. Personally I'm usually willing to chance a non-chain restaurant to get something tastier or more unique than fast food.
Quote from: GaryV on August 25, 2023, 06:48:43 PM
Cerberus (one time owner of Chrysler) had a unique name. Why they named the company after the three-headed dog of the underworld remains a mystery. I suppose it could be worse, it could have been "Fluffy".
How about the translation of Cerberus's name: "Spot."
Quote from: Jim on August 26, 2023, 08:20:42 AM
I was only at a Jimmy John's a couple times. Fast? Yes. Good sandwich? No.
I've gotten sandwiches from JJ's multiple times and I've had good experiences with them in terms of taste and usually speed as well. The Italian Night Club is where it's at in my opinion.
Antitrust regulators need to put a stop to this.
Why? The assortment of brands hardly is a monopoly.
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
Quote from: JoePCool14 on September 01, 2023, 10:36:58 AM
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
With entry threshold being pretty low, it's hard to expect too much antitrust in here
Consumers can always vote with their wallets when it comes to fast foot mergers.
Quote from: triplemultiplex on September 01, 2023, 11:37:22 AM
Consumers can always vote with their wallets when it comes to fast foot mergers.
Usain Bolt and who?
At least around me, there seems to be no shortage of various chain locations and more independent sandwich shops than I care to count.
Quote from: triplemultiplex on September 01, 2023, 11:37:22 AM
Consumers can always vote with their wallets when it comes to fast foot mergers.
I guess as long as it's not a zipper merge...
Quote from: hbelkins on September 01, 2023, 12:16:35 PM
Quote from: bandit957 on September 01, 2023, 10:29:34 AM
Antitrust regulators need to put a stop to this.
Why?
Not enough providers of curly fries? Total market domination of horsey sauce?
Quote from: formulanone on September 01, 2023, 12:30:25 PM
Quote from: hbelkins on September 01, 2023, 12:16:35 PM
Quote from: bandit957 on September 01, 2023, 10:29:34 AM
Antitrust regulators need to put a stop to this.
Why?
Not enough providers of curly fries? Total market domination of horsey sauce?
Increased competition could produce an even better horsey sauce...
Quote from: JoePCool14 on September 01, 2023, 10:36:58 AM
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
Nearly every shopping center has a pizzeria or deli. The percentage of lunch locations that this company will have will probably be in the single digits compared to every place else that can put together a hoagie or sub.
Quote from: Rothman on September 01, 2023, 01:53:12 PM
Quote from: formulanone on September 01, 2023, 12:30:25 PM
Quote from: hbelkins on September 01, 2023, 12:16:35 PM
Quote from: bandit957 on September 01, 2023, 10:29:34 AM
Antitrust regulators need to put a stop to this.
Why?
Not enough providers of curly fries? Total market domination of horsey sauce?
Increased competition could produce an even better horsey sauce...
No, we need more! Bison and bullish sauces should be offered as well!
Quote from: jeffandnicole on September 01, 2023, 02:00:46 PM
Quote from: JoePCool14 on September 01, 2023, 10:36:58 AM
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
Nearly every shopping center has a pizzeria or deli. The percentage of lunch locations that this company will have will probably be in the single digits compared to every place else that can put together a hoagie or sub.
Mom and Pop stores and fast food chains are somewhat different markets though and compete slightly differently. Imagine if one corporation owned McDonald's, Burger King, Wendy's, Whataburger and In-and-Out. Even if there are literally hundreds of thousands of other places to get a hamburger, that would not be a good thing.
Quote from: kalvado on September 01, 2023, 02:07:49 PM
Quote from: Rothman on September 01, 2023, 01:53:12 PM
Quote from: formulanone on September 01, 2023, 12:30:25 PM
Quote from: hbelkins on September 01, 2023, 12:16:35 PM
Quote from: bandit957 on September 01, 2023, 10:29:34 AM
Antitrust regulators need to put a stop to this.
Why?
Not enough providers of curly fries? Total market domination of horsey sauce?
Increased competition could produce an even better horsey sauce...
No, we need more! Bison and bullish sauces should be offered as well!
I suppose the fact that there
aren't any other fast food competitors offering a radish-based sauce, means Arby's figured out exactly how much market share they'll always have in their pocket.
Quote from: JoePCool14 on September 01, 2023, 02:11:11 PM
Mom and Pop stores and fast food chains are somewhat different markets though and compete slightly differently. Imagine if one corporation owned McDonald's, Burger King, Wendy's, Whataburger and In-and-Out. Even if there are literally hundreds of thousands of other places to get a hamburger, that would not be a good thing.
In Canada, Recipe Unlimited (https://en.wikipedia.org/wiki/Recipe_Unlimited) formely known as Cara Operations; owns Harvey's, Swiss Chalet, Saint-Hubert, East Side Mario's and MTV Food Group (https://en.wikipedia.org/wiki/MTY_Food_Group) owns Au Vieux Duluth, Mikes, Pizza Delight, Mr. Sub, Valentine, Van Houtte.
Horsey sauce differentiates Arby's from everyone else. Great to dip fries in. Arby's definitely has its moments.
I did get a kick out of its hiring website arbyshires.com and thought a new English county was created.
I hope I can have some Curly Fries with my Meatball Marinara sub soon.
Quote from: Big John on September 01, 2023, 11:38:47 AM
Quote from: triplemultiplex on September 01, 2023, 11:37:22 AM
Consumers can always vote with their wallets when it comes to fast foot mergers.
Usain Bolt and who?
:-D :-D
I'm leaving that typo in place.
Quote from: JoePCool14 on September 01, 2023, 10:36:58 AM
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
Agreed, this is not an acquisition that is good for the consumer.
Quote from: HighwayStar on September 08, 2023, 12:44:00 PM
Quote from: JoePCool14 on September 01, 2023, 10:36:58 AM
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
Agreed, this is not an acquisition that is good for the consumer.
Does this mean that you are opposing Cobrands also ?? Yum! Brands is renowned for it. If you wished to block the attempt of merger or acquisition with Arby's and Subway, perhaps this should have been opposed ?? I also probably did not wished for Carl's Junior and Herdee's Senior to be the same company now. However, some times cobrands might be necessary. Example if Grandy's and Kettle cobranded, perhaps more peoples would know much more about them.
Quote from: In_Correct on September 08, 2023, 10:35:34 PM
Quote from: HighwayStar on September 08, 2023, 12:44:00 PM
Quote from: JoePCool14 on September 01, 2023, 10:36:58 AM
It's something to keep an eye on, particularly in the lunch sandwich space. Two brands doesn't make total control in that industry, but should they try to buy another one, that might need to be blocked.
Agreed, this is not an acquisition that is good for the consumer.
Does this mean that you are opposing Cobrands also ?? Yum! Brands is renowned for it. If you wished to block the attempt of merger or acquisition with Arby's and Subway, perhaps this should have been opposed ?? I also probably did not wished for Carl's Junior and Herdee's Senior to be the same company now. However, some times cobrands might be necessary. Example if Grandy's and Kettle cobranded, perhaps more peoples would know much more about them.
I don't care for how Yum! has run most of their brands over the years. Generally, I'm not in favor of cobrands, and where they apply they should not by something like Arby's-Subway where each stands on its own well.
The only cobranding I think works well is LJS with A&W, KFC, etc. because fast food fish is not everyone's thing so having an alternative menu in place does help drive traffic.