Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8 billion

return2ozma@lemmy.world to News@lemmy.world – 114 points –
Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B
restaurantbusinessonline.com
20

So investors will buy the chain, take out huge loans to pay themselves, and bring in management to cut jobs, close locations, and skimp quality all to make that payment.

Capitalism is much efficient, so economy, and many value.

Capitalism is much efficient, so economy, and many value.

Everyday it becomes clearer the only people who believe this are useful idiots and their rulers.

Oof. I’m assuming this means they will plummet to subway quality before too long.

It’s unfortunate, Jersey mikes is one of my favorite sandwich shops.

2 more...

Coming soon from Berkshire Hathaway, Meal deal of 2 pieces of cardboard, loaded with extra packing peanuts, and a small water for $18!

Who the fuck is Jersey Mike's.
And why the fuck are they worth 8 billion?

If only there was an article you could read to answer these questions….

There might be, somewhere.
But not at the end of that hyperlink.