Jersey Mike's Subs

Financing

Blackstone serves up a potentially massive Jersey Mike's IPO

The Bottom Line: The fast-casual chain confidentially filed documents for an initial public offering this week. It has the chance to be the biggest IPO the restaurant industry has seen.

Financing

Jersey Mike's had another strong year in 2025

The fast-casual sandwich chain grew its average-unit volumes and added new restaurants in its first year under a new owner and a new CEO.

The sandwich chain has hired advisors who could take the company public as soon as this year, according to Bloomberg. The chain could get a valuation of as much as $12 billion.

The Bottom Line: The fast-food sandwich chain’s chief executive acknowledges that consumers are paying close attention to any changes the company makes under its new owners.

The sandwich chain’s founder and current chairman, who sold the company last year, will develop 400 locations in the U.K. and Ireland in its first major international development agreement outside North America.

The former Wingstop chief executive will take over as CEO of the sandwich chain, while founder Peter Cancro will remain chairman. Morrison will be only the second CEO in the company’s history.

Charlie Morrison has been appointed CEO of Jersey Mike’s, succeeding founder Peter Cancro. With plans for domestic and international growth, Morrison aims to uphold the brand's culture while driving innovation in a competitive market. Discover what lies ahead for this popular sandwich chain.

The sandwich chain, which just completed its sale to Blackstone, is thriving in Canada and wants to cross the pond. But it also has big plans here and ultimately will bring in a new chief executive.

The fast-food sandwich chain has a deal with the National Football League, just months after it completed its sale to the private-equity firm Blackstone.

The Bottom Line: Peter Cancro was so determined to improve operations at the sandwich chain that he sacrificed revenue and unit growth to get it. It’s a lesson others should follow.

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