Subway

Haldiram's eyes this US sandwich brand to take on Subway, Tim Hortons

Haldiram Group is in talks with US-based Inspire Brands to launch the Jimmy John's sandwich chain in India, marking its entry into the western-style QSR space to compete with global brands

Subway hires former Burger King executive Jonathan Fitzpatrick as new CEO

Subway has hired a former Burger King executive as its new CEO. The Miami-based sandwich chain said Monday that Jonathan Fitzpatrick will join the company on July 28. Fitzpatrick is the first CEO hired since Subway was bought by the private equity firm Roark Capital in 2024. And Roark didn't have to look far to find him. Since 2012, Fitzpatrick has been the president and CEO of Driven Brands, which is also owned by Roark. Driven Brands is the parent company of auto service brands like Meineke Car Care Centers and Maaco. Before joining Driven Brands, Fitzpatrick held multiple senior leadership positions at Burger King, including executive vice president. Subway was founded in 1965 and was still owned by its founding families when it was purchased by Roark. It's one of the world's largest restaurant chains, with nearly 37,000 outlets in more than 100 countries. But in recent years, Subway has been losing sales to fast-growing rivals like Jersey Mike's and Firehouse Subs. The compan

Indian-origin Subway owner arrested over US visa fraud, fake robberies

Chandrakant 'Lala' Patel and four police officers face visa fraud charges in a decade-long scam exploiting US immigration laws through staged crimes

Tokyo Metro likely to raise $2.3 billion in Japan's biggest IPO in 6 years

One of Tokyo's two major subway operators, Tokyo Metro is set to announce the pricing later today and list on the Tokyo Stock Exchange on Oct 23

Domino's, Subway supplier Chatha Foods' SME IPO opens today: Check details

Of the total net proceeds, the company aims to use Rs 24.11 crore for setting up a manufacturing facility in Mohali and the remaining amount for general corporate purposes

One dead, five injured in shooting at New York City subway station

One person was killed and five wounded in a shooting at a New York City subway station on Monday at the start of the evening rush hour, authorities said. The gunfire broke out on an elevated train platform in the Bronx at around 4.30 pm, a time when stations throughout the city are filled with kids coming home from school and many workers are beginning their evening commute. A man in his 30s was killed, police said. A Fire Department spokesperson described four of the other injuries as serious. Police weren't immediately able to provide details on what happened but said a hunt was on for the shooter, who fled the scene. "The train was coming and there were two kids yelling," witness Efrain Feliciano (61) told the Daily News. "There were at least six shots." "I saw sparkles as the bullets hit the wall," Feliciano said. "A woman was holding a child screaming." Video from television news helicopters showed a subway train stopped at the station and orange evidence cones on the platfo

Subway franchise owners must pay workers nearly $1 mn, sell or close stores

A federal court ordered the owners of 14 Subway locations north of San Francisco to pay employees nearly USD 1 million in damages and back pay and also to sell or shut their businesses, with any sale proceeds going to the Department of Labor. Federal investigators said franchise owners John and Jessica Meza directed children as young as 14 to operate dangerous machinery, assigned minors work hours that violated federal law, and failed to pay their employees regularly, including by issuing hundreds of bad checks and illegally keeping tips left by customers. The Labor Department also charged that the Mezas coerced employees in an attempt to prevent them from cooperating with its investigation, sometimes threatening children who attempted to raise concerns about the work environment. According to the court order, the owners acknowledged several of the Labor Department's findings. Messages left for the Mezas at email addresses included in the settlement were not immediately returned.

Subway's new owner faces tough decisions on chain's massive size in US

Subway's restaurant count currently stands at nearly 37,000 worldwide, with around 20,000 in the US

Sandwich chain Subway agrees to sell itself to Arby's owner Roark Capital

Roark beat out a late challenge from a rival bidding group led by TDR Capital and Sycamore Partners, which also submitted a final bid of more than $9 billion

Subway nears $9.6 billion sale to Arby's owner Roark Capital: Report

A deal could be finalized this week, the report said, citing people familiar with the matter

Top headlines: Subway's sale draws Goldman, US-India navies hold 6th meet

Business Standard brings you the top headlines at this hour

Subway's potential $10 billion sale draws Goldman, Bain, says report

Goldman Sachs Asset Management and Bain, along with private equity firms TDR Capital and TPG, have tabled indicative offers for Subway, the news outlet reported

Global sandwich chain Subway explores sale of business after 60 yrs: Report

A sale of the company could value it at more than $10bn, according to the Wall Street Journal, which first reported the story

Cannot claim monopoly on the term 'sub', Delhi High Court tells Subway

Delhi High Court said the term 'sub' is used widely by eateries for submarine sandwiches

Subway reportedly exploring a potential sale that might top $10 billion

The process is in its early stages and Subway could still decide against pursuing a sale

Brooklyn subway attack suspect Frank James ordered held without bail

Frank James, 62, spoke only to answer yes to standard questions during the brief proceeding in a federal court in Brooklyn

Subway sandwich chain co-founder Peter Buck dies at 90

In 1965, he and DeLuca opened Pete's Super Submarines in Bridgeport, with the priciest sandwich selling for 69 cents

NAA agrees to withdraw name of Subway Systems in order against franchisee

This may set a precedent wherever franchisers are named as respondents in a case against franchisees

Subway questions constitutional validity of anti-profiteering provisions

Questions the authority over including it as respondent in a case against its franchisee

Burger King shares more than double in best listing day show in three years

Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers