1y ago

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8 billion

www.restaurantbusinessonline.com

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

US News @lemy.lol

TVgog56789 @lemy.lol

1y ago

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8 billion

www.restaurantbusinessonline.com /financing/blackstone-said-be-pursuing-purchase-jersey-mikes-around-8b

21 comments

Well there goes a sandwich chain
- Welcome to Multinational Mike’s
  
  Where your footlongs are 9inches and your lettuce is 2 days old.
So investors will buy the chain, take out huge loans to pay themselves, and bring in management to cut jobs, close locations, and skimp quality all to make that payment.
Capitalism is much efficient, so economy, and many value.
- Capitalism is much efficient, so economy, and many value.
  Everyday it becomes clearer the only people who believe this are useful idiots and their rulers.
Shit.... the quality is gonna drop to cardboard and sawdust isn't it?
- Already did
- It's the way of capitalism.
  
  The worst way there is, lol
Oof. I’m assuming this means they will plummet to subway quality before too long.
It’s unfortunate, Jersey mikes is one of my favorite sandwich shops.
- Subway quality with jersey mikes pricing.
  You can see why investors are interested.
  
  Absolutely. They will destroy that franchise and make a killing.
Coming soon from Berkshire Hathaway, Meal deal of 2 pieces of cardboard, loaded with extra packing peanuts, and a small water for $18!
- Gonna do Raven Sable’s work for him
I hope they change the name to Subway 2
- Subway 2: Even Subbier
When the meatball was out, so was I. That was long ago
Who the fuck is Jersey Mike's.
And why the fuck are they worth 8 billion?
- If only there was an article you could read to answer these questions….
  
  There might be, somewhere.
  But not at the end of that hyperlink.
- Who's Jersey Mike's...what? His wife? Drug dealer? Finish your question.

21 comments