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Jersey Mike's Subs Shrink After Blackstone Deal?
10 Dec
Summary
- Subway and Firehouse Subs also acquired by private equity firms.
- Blackstone aims for Jersey Mike's to expand beyond 3,000 stores.
- Private equity focuses on cost reduction and efficiency.
Concerns are rising among Jersey Mike's patrons about potentially smaller sandwich portions following private equity giant Blackstone's acquisition of a majority stake in January 2025. This mirrors a broader trend of private equity firms acquiring popular American restaurant chains.
Subway and Firehouse Subs have also recently been acquired, highlighting the significant financial interest in the U.S. sandwich sector, valued at $41.5 billion in 2024. Blackstone aims to significantly expand Jersey Mike's, which already boasts over 3,000 locations.
This aggressive growth strategy typically involves prioritizing lower costs, increased efficiency, and standardization. Such operational shifts could explain the perceived changes in sandwich size, as the focus shifts to optimizing operations for rapid expansion and profitability.
