The Inside Story Of Jersey Mike's Billionaire Founder And His Ultra Popular Chain [Forbes]
Dutch Bros Inc. (BROS)
Company Research
Source: Forbes
By Jemima McEvoy , Forbes Staff UPDATE, November 19, 2024: Private equity firm Blackstone announced it reached an agreement with Jersey Mike's owner Peter Cancro to acquire a majority of the sandwich chain. The deal is reported to value Jersey Mike's at $8 billion including debt. Cancro, who will stay on as Jersey Mike's CEO, is retaining a minority stake in the company, according to Blackstone's announcement. Forbes has not yet been able to confirm Cancro's exact stake moving forward. “We believe we are still in the early innings of Jersey Mike's growth story and that Blackstone is the right partner to help us reach even greater heights,” Cancro said in a press release about the deal. “Blackstone has helped drive the success of some of the most iconic franchise businesses globally and we look forward to working with them to help make significant new investments going forward.” P eter Cancro rolls up the sleeves of his blue Brooks Brothers oxford and steps into the first posi
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BROS
News
- Dutch Bros Inc. (BROS) Hit a 52 Week High, Can the Run Continue? [Yahoo! Finance]Yahoo! Finance
- How do coffee chains design, market and analyze their seasonal LTOs? [Yahoo! Finance]Yahoo! Finance
- Why Jersey Mike's Billionaire Owner Chose To Sell A Majority Of His Sandwich Chain To Blackstone [Forbes]Forbes
- Do You Think Dutch Bros (BROS) Will Be Able to Generate 30% Earnings Growth? [Yahoo! Finance]Yahoo! Finance
- Huge News for Dutch Bros Stock [Yahoo! Finance]Yahoo! Finance
BROS
Earnings
- 11/6/24 - Beat
BROS
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- BROS's page on the SEC website