Jersey Mike's sold at $8 billion value to private equity firm [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
Blackstone, one of the world's largest private equity firms, purchased a controlling stake in the New Jersey-based company that has become one of the fastest growing fast-casual restaurants in the country. “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,” Jersey Mike's CEO Peter Cancro said in a statement. Cancro, 67, will retain a significant equity stake in the company and his title as CEO. He has been part of the company since he worked there when it was a single sub shop known as Mike's Subs in Point Pleasant, N.J. He bought it outright with help from his youth football coach in 1975, when he was just 17. “We are excited to partner with an entrepreneur of Peter's caliber and the talented Jersey Mike's team,” said Peter Wallace, a senior managing director at Blackstone. “Our capital and resources will help support key investments in growth and technology for the benefit
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News
- Hilton Fuels Growth in India With Strategic Licensing Agreement [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
- Jersey Mike's to Partner with Blackstone to Accelerate Leading Franchisor's Continued Growth [Yahoo! Finance]Yahoo! Finance
- 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