Jersey Mike's to Partner with Blackstone to Accelerate Leading Franchisor's Continued Growth [Yahoo! Finance]
Hilton Worldwide Holdings Inc. (HLT)
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am
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Source: Yahoo! Finance
known for its fresh sliced and fresh grilled subs, announced today it has reached an agreement whereby private equity funds managed by Blackstone ("Blackstone") – led by Blackstone's most recent flagship private equity vehicle – will acquire a majority ownership position in Jersey Mike's. Jersey Mike's Founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business. The partnership with Blackstone is intended to help enable Jersey Mike's to accelerate its expansion across and beyond the U.S. market, as well as its continued investment in technology and digital transformation. Blackstone has a long history of successfully propelling the growth of leading franchisors, including in its previous acquisitions of Hilton Hotels and SERVPRO – and has also recently invested in Tropical Smoothie Cafe and 7Brew Cancro began working at the company's original Point Pleasant, New Jersey location at the age of 14, which was founded in 1956 as Mike's Subs.
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News
- Hilton Fuels Growth in India With Strategic Licensing Agreement [Yahoo! Finance]Yahoo! Finance
- Jersey Mike's sold at $8 billion value to private equity firm [Yahoo! Finance]Yahoo! Finance
- Hilton plans to expand footprint in India amid boom in leisure travel demand [Yahoo! Finance Canada]Yahoo! Finance Canada
- Blackstone strikes $8 billion deal for sandwich chain Jersey Mike's Subs, Reuters reports [CNBC]CNBC
- Blackstone nears deal for Jersey Mike's Subs, source says [Yahoo! Finance Canada]Yahoo! Finance Canada
HLT
Earnings
- 10/23/24 - Beat
HLT
Sec Filings
- 10/25/24 - Form 4
- 10/24/24 - Form 144
- 10/23/24 - Form 10-Q
- HLT's page on the SEC website