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Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…

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by Chris Spiker
Business
Big Lots Closing Jersey City Store: Closing Sales Under Way Big Lots Closing Jersey City Store: Closing Sales Under Way
Big Lots Closing Jersey City Store: Closing Sales Under Way Big Lots! has announced the closures of even more locations since filing for bankruptcy in September. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. Additional closures were approved this month in bankruptcy court.  New Jersey has 27 stores, and 13 of them are set to close with closing sales underway. They are: Cherry Hill, 949 Church Road Dover, 550 Mount Pleasant Avenue East Brunswick, 275 Route 18 Freehold, 220 Trotters Way Glassboro, 811 N Delsea Drive Jersey Ci…

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by Cecilia Levine
News
CNN News Anchor From NJ Announces Husband's Death In Heartbreaking Post CNN News Anchor From NJ Announces Husband's Death In Heartbreaking Post
CNN News Anchor From NJ Announces Husband's Death In Heartbreaking Post Alisyn Camerota, A CNN anchor from Fairfield County, CT and with New Jersey roots is mourning the loss of her husband, she announced in a heartbreaking post on social media. Camerota, who was born in Shrewsbury, NJ said on Friday, Sept. 20 on Instagram that her husband, Tim Lewis, died on July 27, 2024 — two years after being diagnosed with Stage 4 pancreatic cancer. Lewis' obituary on the Harding Funeral Home website says that he and Camerota live in Westport, CT. "I cannot imagine any human being soldiering through a devastating diagnosis with more humor, humility and bravery than Tim," …

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by Cecilia Levine
News
Meet The 2 NJ Men Competing On Michelle Young's Season Of 'The Bachelorette' Meet The 2 NJ Men Competing On Michelle Young's Season Of 'The Bachelorette'
Meet The 2 NJ Men Competing On Michelle Young's Season Of 'The Bachelorette' More eligible bachelors from New Jersey's will be joining Bachelor Nation. ABC franchise "The Bachelorette" on Monday morning revealed the 35 contestants competing on 28-year-old Michelle Young's season. The two from New Jersey are Olumide Onajide, 28, of Woodland Park, and Eric Tai, 25, of Bridgewater, NJ.  Onajide played basketball for Rutgers and works as a field systems analyst at OTG Management while Tai graduated UNC Chapel Hill in 2018, and works in private equity. Young a former basketball player herself, made it to hometown dates and competed on Matt James' season of "The Bachelo…

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by Cecilia Levine