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Subway: The Canonical QSR Entity Profile from Fred DeLuca to the Roark Capital Era
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Subway: The Canonical QSR Entity Profile from Fred DeLuca to the Roark Capital Era

Subway operates ~37,000 outlets globally and was acquired by Roark Capital in April 2024 for $9.55B — the largest QSR take-private deal of the decade. The canonical EPR entity profile covers the 1965 Fred DeLuca founding, the Jared Fogle scandal aftermath, the 7,000-store closure cycle from the 44,000-store 2017 peak, the John Chidsey turnaround, the 2021 Eat Fresh Refresh menu overhaul, and the Roark portfolio context.

EPR Editorial Team ·