Blackstone is buying Jersey Mike's: it also has a stake in these big brands

Published On Nov 20, 2024, 6:00 AM

Blackstone is set to increase its presence in the restaurant sector by acquiring a majority stake in Jersey Mike's, a popular sandwich chain. This deal is part of Blackstone's strategy to expand its portfolio, which already includes investments in companies like Ancestry.com and Bumble. The acquisition is expected to be completed early next year, and it reflects Blackstone's continued interest in profitable consumer brands.

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Blackstone's acquisition of Jersey Mike's suggests it sees growth potential in the restaurant sector, particularly in fast-casual dining. Given Jersey Mike's popularity and Blackstone's track record of enhancing the businesses it acquires, this could boost Blackstone's revenue streams positively.

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