Elizabeth Warren applauds FTC s sandwich monopoly probe of Subway acquisition
Senator Elizabeth Warren, D-Mass., took to X, the social media site formerly known as Twitter, on Sunday to applaud a federal antitrust probe focused on the potential acquisition of sandwich giant Subway.
Subway announced in late August that it reached an agreement to sell the family-owned sandwich chain to private equity firm Roark Capital in a deal reportedly worth more than $9 billion. The firm owns sandwich shops such as Jimmy John s, Arby s, McAlister s Deli and Schlotzky s.
The private equity firm s holdings prompted the Federal Trade Commission (FTC) to launch a probe earlier this month to examine whether the deal gives the company a monopoly over sandwich shops and other brands in the fast-food industry, according to a report by Politico.
I don’t know about the acquisition but it’s probably fine. But friends don’t let friends eat at Subways. Try Jersey Mike’s instead. And Submarina if it’s still around.