Subway

The popular sandwich chain Subway has raised a $3.4 billion bond, the largest of its kind, to pay off its acquisition debt. What Happened: The bond, secured by Subway’s U.S. franchisee royalties and intellectual property, was in high demand, with investor orders exceeding $20 billion, the...

An Ohio woman was shockingly billed over $1,000 for a Subway sandwich, an amount way beyond the typical cost. The incident, which occurred in January, has left the woman financially strained and still waiting for a refund. What Happened: Letitia Bishop, a resident of Columbus, Ohio, visited a local...

The $10 billion dollar buyout of privately-held Subway by Roark Capital, which has in its portfolio Jimmy John’s and Arby’s, has come under the scrutiny of the Federal Trade Commission on the premise that it would create a sandwich shop monopoly. Sen. Elizabeth Warren (D-Mass.) on...

A lawsuit against Subway alleging that its tuna products contained ingredients other than tuna has been dismissed, Reuters reports. Subway’s Stand: The plaintiff, Nilima Amin and Subway have agreed to dismiss the case with prejudice, meaning it cannot be refiled. Subway welcomed the decision...

Two American chains, Subway and 7-Eleven, are running free food promotions Tuesday. Subway is giving away free 6-inch subs to the first million customers as part of a promotional campaign for its revamped menu, while 7-Eleven is handing out free 7.11 oz Slurpees, a promotion it does every year on 7...

For the first time since the pandemic hit New York City, the Metropolitan Transportation Authority (MTA) saw a ridership of more than four million commuters in one day.  The nation's largest transit system recorded 4,002,961 paid rides on Thursday, April 20, according...

An Australian woman was fined AU$2,664 ($1,835) for not declaring the contents of her Subway sandwich in immigration declaration forms breaching Australia's biosecurity laws. What Happened: TikTok user Jessica Lee shared with her 4,137 followers on the short-form video hosting service...

In its latest check-up of app security, China has called out Subway, Agoda, Domino's Pizza, Inc (NYSE: DPZ), and 44 other companies for violating users' rights. What Happened: Xi Jinping-led government's Ministry of Industry and Information Technology (MIIT) on Friday released...

A privately owned sandwich brand that has built a strong base of restaurant units and growth is going public in an acquisition by a well-known restaurant holding company. The Acquisition: Restaurant Brands International Inc (NYSE: QSR) is acquiring Firehouse Subs, a leading quick-service sandwich...

One of the most best-known SPACs is moving higher Wednesday with Bill Ackman providing public comments on its focus and possible timeline. What Happened: Bill Ackman spoke at “The Future of Everything” conference hosted by the Wall Street Journal. Ackman was asked about...

Fast food sandwich chain Subway was on the receiving end of an awkward ruling from Ireland's top court, which said that Subway's bread doesn't fit the legal definition of bread, The Wall Street Journal reported. What Happened: Irish law states that the sugar content in bread can...

Grocery giant Kroger Co (NYSE: KR) and third-party delivery platform Instacart each announced updates this week on how they're navigating the coronavirus pandemic.  Kroger Leverages Tech System Kroger announced that as of Tuesday it will use technology to limit the number of customers...

Subway fired 300 people at its headquarters but a source close to the matter told Restaurant Business the decision was not based on any financial reason. What Happened Subway's new CEO John Chidsey fired hundreds of workers to foster a sense of urgency to do more and reverse seven years of poor...

Subway ended 2019 with less than 1,000 stores than it began the year with, and the sandwich chain's C-level is also slimming down.   Subway's Shrinking Store Footprint  Subway ended 2019 with 1,106 net fewer restaurants in the U.S., according to Restaurant Business. The...

Fast-food sandwich chain Subway is set to introduce new deals in January that place additional pressure on already struggling franchisees, according to The New York Post. Subway's Promotional CEO Subway's advertising agency discussed several discounts the restaurant is set to...