This week on the Extra Serving podcast, a product of Nation’s Restaurant News, NRN editors Holly Petre, Sam Oches, Leigh Anne Zinsmeister and Alicia Kelso discussed the news of Subway’s buyer.
The sandwich brand will be purchased by Roark Capital Group for an undisclosed price, though the Wall Street Journal reported earlier this week that the price tag was $9.6 billion. Roark, which also invests in sandwich chains Jimmy John’s, Arby’s, Schlotzsky’s and McAlister’s Deli, and other large chains such as Dunkin’, was one of the leading bidders for the quick-service chain all along. What does it mean that their portfolio now has five sandwich brands and what’s the future of Subway?
Next, the NRN editors talked about modular restaurants. With the ongoing supply chain crisis, brands are having a hard time building new units. That’s where modular builds come into play. We’ve seen chains like Taco Bell play around with the modular unit but there is a slew of emerging chains embracing this model for quick and efficient growth.
Finally, the editors talked about catering. Catering took a huge hit three years ago and that made sense, because no one was in offices anymore. Now, as offices tempt their employees to return with free food, the category seems to be on an epic rise.
This week’s interview is Jodi Boyce, chief marketing officer of Teriyaki Madness.