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Jersey Mike’s (wsj.com/finance/how-blackstone-put-jersey-mike…) started as a small sub shop on the Jersey Shore when a 17-year-old stepped in with big ambitions. Along the way, the company grew to several thousand locations before private equity company Blackstone bought it for $8 billion (wsj.com/business/hospitality/he-bought-a-sub-s…)and took it to Wall Street. But its IPO comes amid struggles in the restaurant industry. WSJ’s Heather Haddon (wsj.com/news/author/heather-haddon?mod=WSJ_TJPOD) and Mark Maurer (wsj.com/news/author/mark-maurer?mod=WSJ_TJPOD) on Jersey Mike’s origins and the hurdles it will have to jump through as a public company. Jessica Mendoza (wsj.com/news/author/jessica-mendoza?mod=WSJ_TJ…)hosts.
Further Listening:
- Can Burger King Regain Its Crown? (open.spotify.com/episode/3YJOGj20XSVf9deSiAwwsD)
- How Kraft Lost Its Mac and Cheese Crown (open.spotify.com/episode/4FvbRiHCHYkIfuFNFuI32l)
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