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The $5.7B Burden: Why Roark Capital’s Subway Turnaround Demands Aggressive Franchisee Culling in 2026
The private equity playbook dictates that acquiring distressed, high-volume assets requires ruthless initial stabilization, and Roark Capital’s $9.6 billion acquisition of Subway is proving to be a textbook execution of this doctrine. By mid-2026, the corporate profitability metrics for the sandwich giant have materially improved, largely through draconian overhead cost reductions and the strategic in-sourcing […]