his eponymous sandwich chain in a converted garage in Charleston, Illinois, Jimmy John’s founder Jimmy John Liautaud is selling his remaining stake in the company to Inspire Brands for an undisclosed amount.an estimated 65% of the business to Inspire’s parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John’s at around $3 billion. The sale helped make Liautaud a billionaire.
“Jimmy John’s is a great fit for the Inspire family,” said Brown in a statement. “We are excited to welcome the Jimmy John’s brand to Inspire and look forward to working with their team and franchisees to help the company achieve its next stage of growth.”over $2 billion in sales from its 2,802 locations in the United States last year, but same-store sales have been declining for the last three years.
Heck yes!!!
Does this mean I should continue to not eat there, but stop calling it a boycott? 🤔