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...The sale will mark the end of more than half a century of family ownership for Connecticut-based Subway....
...News round-up Buyout firm Roark Capital to buy Subway sandwich chain for $9.6bn (FT) Bloomberg overhauls management with Mark Carney to lead new board (FT) Citi considers overhaul that would hand more...
...Mark EisingerRockville, MD, US...
...“It was great, all expenses paid,” says Harry Roark, who participated in the programme in the 1980s, and was impressed with his classmate’s salesmanship....
...Inspire Brands are majority owned by Roark Capital, a private equity fund named after the lead character of Ayn Rand's novel, The Fountainhead....
...The move marks the latest in a string of deals in which private equity groups buy up mid-range restaurant chains, which have suffered in the face of competition from fast-food and “fast-casual” restaurants...
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