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Fast food industry

Business
CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says
Ct-based Subway Announces Sale: Company Has 'Bright Future,' CEO Says The iconic sandwich seller Subway, which is headquartered in Connecticut, has announced its sale to a private equity firm.  The New Haven County-based fast food company, which is headquartered in Milford, announced that it will be acquired by affiliates of Roark Capital on Thursday, Aug. 24.  In a statement, Subway officials said the sale would be a "major milestone" in the company's history. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said Chief Executive Officer John Chid…

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by Ben Crnic
Obituaries
Fairfield County's Peter Buck, Subway Co-Founder, Dies At Danbury Hospital Fairfield County's Peter Buck, Subway Co-Founder, Dies At Danbury Hospital
Fairfield County's Peter Buck, Subway Co-Founder, Dies At Danbury Hospital Fairfield County's Peter Buck, who became a billionaire after making a small investment in the sandwich shop that later became Subway, has died. Buck, a longtime Danbury resident, died Thursday, Nov. 18, at Danbury Hospital, the company announced. A cause of death was not released. He was 90 years old. In a statement by Subway CEO John Chidse, he praised Buck for his hands-on leadership style.  "We are deeply saddened by the passing of one of Subway’s founders, Dr. Peter Buck," Chidse said. "He was a shining example of a dedicated, hands-on leader, and an integral member of the S…

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by Kathy Reakes