Subway Archives - Grainews

Deal for Subway chain worth up to US$9.55 billion

Arby's, Jimmy John's parent wins with 'earn-out' deal

By GFM Network News August 25, 2023

New York | Reuters — Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to US$9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that […] Read more

General, Markets, Reuters

Subway reportedly nears sale to Arby’s owner

Chain's parent firm considering sale since February

By Reuters, GFM Network News August 22, 2023

Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$9.6 billion, the Wall Street Journal reported Monday. A deal could be finalized this week, the report said, citing people familiar with the matter. “Subway does not intend to make any […] Read more

Crops, Peas, Pulses

Subway, McDonald’s expand Beyond Meat rollouts in Canada

By Glacier FarmMedia staff, GFM Network News January 13, 2020

Major fast-food chains McDonald’s and Subway are both expanding their rollouts of plant-based Beyond Meat products in Canada, beyond the range of their initial tests. McDonald’s Canada announced Wednesday it will expand the test marketing of its “P.L.T.” burger from its 28 stores in London, Ont. to also include 52 in Kitchener-Waterloo, Guelph and surrounding […] Read more

U.S. meat substitute processor Beyond Meat is testing its products in meatball style in Subway’s Beyond Meatball sub. (CNW Group/Subway Restaurants)

Crops, Pulses

Subway to test-market plant-based ‘meatball’ subs

By GFM Network News August 12, 2019

The world’s biggest fast food chain by number of outlets plans to test-market plant-based meat substitute at some of its Canadian and U.S. restaurants starting next month. Subway on Wednesday announced a “culinary innovation partnership” with Los Angeles-based processor Beyond Meat, beginning with a “Beyond Meatball Marinara” submarine sandwich to be tested at 685 Canadian […] Read more

Livestock, Poultry/Eggs, Reuters

Subway says it shut hundreds of U.S. restaurants last year

By Reuters, GFM Network News April 20, 2017

Reuters — U.S. sandwich chain Subway Restaurants said on Thursday it shut 359 restaurants in the U.S. last year, amid stiff competition in a highly fragmented fast-food industry. Subway, owned by Doctor’s Associates, is the world’s largest fast-food chain by number of restaurants. It had 26,744 locations operating in the U.S. at the end of […] Read more

Beef Cattle, Livestock, Poultry/Eggs

Subway to ramp up Canadian meat sourcing

By Grainews Staff, GFM Network News September 20, 2016

One of the biggest fast-food players operating in Canada has pledged to lock in Canadian suppliers for some of its Canadian stores’ meat supplies by the end of 2016. The U.S.-based sandwich chain Subway said Tuesday it has now introduced “Canadian-raised” ham, turkey and shaved steak at its Canadian restaurants and is “committed” to sourcing […] Read more

Livestock, Poultry/Eggs, Reuters

Subway to switch to cage-free eggs by 2025

By Reuters, GFM Network News December 28, 2015

Reuters — Sandwich chain Subway said it would stop using eggs laid by caged hens in its North American outlets by 2025, joining a number of companies that are going cage-free amid pressure from consumers and animal-rights groups. Subway, which already serves eggs laid by free-range hens at its outlets in Europe and eggs laid […] Read more

Beef Cattle, Hogs, Livestock, Poultry/Eggs, Reuters

Study alleges U.S. fast food still mostly raised on antibiotics

By GFM Network News September 16, 2015

Los Angeles | Reuters –– Most large U.S. fast-food chains still serve meat from farm animals that have been routinely fed antibiotics, consumer groups said in a new report, which concluded that many companies have not yet laid out plans to curb the practice. Subway, Starbucks, KFC and Domino’s Pizza were among the industry leaders […] Read more

Livestock, Markets, Reuters

McDonald’s says rough ride to continue into 2015

By GFM Network News January 23, 2015

Reuters — McDonald’s Corp. warned Friday that business will be weak in the first half of 2015 and it is cutting its annual construction budget to the lowest in more than five years as it opens fewer restaurants in struggling markets. The world’s largest fast-food chain, with more than 36,000 restaurants around the globe, just […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News