Jimmy John's sells stake to equity firm

CHAMPAGNE Ill. Jimmy John's Gourmet Sandwich Shops, a 475-unit takeout and delivery chain, has sold one-third of its outstanding shares to Weston Presidio, a San Francisco-based private equity firm that also holds stakes in JetBlue Airways and Wild Oats Markets.

 

Weston will be a “strategic partner” in the continuing expansion of Jimmy John’s, according to a statement from Jimmy John Liautaud, the chain’s founder, chairm

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