He Bought a Sub Shop as a Teen. Now He's Selling Jersey Mike's for $8 Billion.

Autor: Haddon, Heather (AUTHOR), Thomas, Lauren (AUTHOR)
Předmět:
Zdroj: Wall Street Journal - Online Edition. 11/23/2024, pN.PAG-N.PAG. 1p.
Abstrakt: Peter Cancro, who started working at a local sub shop at 14, eventually bought the business and turned it into the national chain Jersey Mike's. After building the company into a successful franchise, Cancro sold Jersey Mike's to Blackstone for $8 billion, while retaining a 10% stake and remaining as CEO. Jersey Mike's, known for its fresh ingredients and community ties, has grown to 2,680 locations with $3.3 billion in U.S. sales last year. Cancro's dedication to his business and philanthropy has made him a respected figure in the industry. [Extracted from the article]
Databáze: Regional Business News