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    HomeNewsOpinionLEX — Subway/Roark: PE firm adds sandwiches to the menu

    LEX — Subway/Roark: PE firm adds sandwiches to the menu

    US fast-food chain is one of the biggest globally but has struggled in recent years against fresher rivals

    Financial Times
    ©The Financial Times Limited 2020 Aug 25, 2023 / 12:23 PM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    At $9.6bn, Roark is paying about 12 times ebitda for Subway. Rival chains including McDonald’s and KFC owner Yum Brands command higher multiples. (Source: Reuters/File)
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