2 ms·
> Subway now faces interest payments on debt following its sale to Roark and can’t afford to have declining earnings, sources said. Just another company that w
by nostromo 2y ago
> Subway now faces interest payments on debt following its sale to Roark and can’t afford to have declining earnings, sources said.
Just another company that will be bankrupt shortly after selling to private equity.
Fast food chains raised prices dramatically during Covid and are now dealing with declining sales as the economy cools. They need to actually push their suppliers to cut costs and try to get back to baseline.
This is a tough pill an independent company could swallow. But the new private equity owners will never do that.