- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Jersey Mike's bought by private equity firm
Posted on 11/19/24 at 7:53 pm to Woodlands Tigah
Posted on 11/19/24 at 7:53 pm to Woodlands Tigah
quote:Non-competes in the context of employment agreements are typically capped at 2 years or outright prohibited. However, entering into a non-compete for selling a business is different than entering into one for employment and is not regulated the same way.
Not sure about New jersey, but In Texas it's 2 years.
1
Posted on 11/19/24 at 7:58 pm to AllbyMyRelf
So you guys keep saying Blackstone but is it not Blackrock? Or is it actually the grill company?lol
Posted on 11/19/24 at 8:02 pm to olemc999
quote:
I’ll soon be down to only Firehouse.
Soon
Posted on 11/19/24 at 8:15 pm to Big Scrub TX
quote:
Imagine going to get a simple sandwich and instead being served this pile of industrial seed oils and unpronounceable "ingredients". Even their "olive oil" is actually adulterated with disgusting factory rapeseed oil.
What exactly do you expect to worsen from this already filthy list? You have low standards, evidently.
Do you know what those words mean? I realize "Processed Foods" is the internet doctor crusade of the week, but bread, cheese, and cooked meats have been parts of the human diet for thousands of years.
Posted on 11/19/24 at 8:16 pm to Havoc
quote:
Has a PE firm ever actually improved a restaurant franchise?
Improves numbers of locations and profits
Ruins service quality and food quality. They usually cut corners on both to improve profits. They wait until a chain gets very popular and the customer base is established to where they’ll eat there anyways then ruin it in the name of profits
Posted on 11/19/24 at 9:52 pm to Chief Hinge
quote:
sandwich you could make at home or even on-the-go. In fact, you could make a better sandwich with better ingredients for less money.
You could not, for one example, make a Jersey Mikes Italian Mikes Way, better or cheaper at home. I mean, maybe if you bought everything and ate one every day for a week it may be cheaper, but Im not sure and I doubt you’d want to eat it that frequently.
This post was edited on 11/20/24 at 9:42 am
Posted on 11/19/24 at 9:53 pm to deltaland
quote:How can it be worse than what Jersey Mike's is using now?
food quality. They usually cut corners on both to improve profits.
Posted on 11/19/24 at 9:53 pm to PowerTool
quote:Not sure if serious.
I realize "Processed Foods" is the internet doctor crusade of the week, but bread, cheese, and cooked meats have been parts of the human diet for thousands of years.
Posted on 11/19/24 at 9:56 pm to HoustonGumbeauxGuy
quote:
What financial advantage does Blackstone gain from acquiring a chain for $billions and running it into the ground?
They can probably gouge all the corporate pension funds.
Posted on 11/19/24 at 9:57 pm to AlonsoWDC
quote:
They can probably gouge all the corporate pension funds.
whatPosted on 11/19/24 at 10:04 pm to yaboidarrell
Jersey Mike’s is fantastic.
From another article about the deal: “Jersey Mike's founder and CEO, Peter Cancro, will keep a large stake in the business and continue to run it as CEO.”
So that’s good news. Hopefully he won’t allow it to turn into Subway.
From another article about the deal: “Jersey Mike's founder and CEO, Peter Cancro, will keep a large stake in the business and continue to run it as CEO.”
So that’s good news. Hopefully he won’t allow it to turn into Subway.
Posted on 11/19/24 at 10:18 pm to Big Scrub TX
quote:
You sound like you know what you're talking about.
I do
I also happen to know that PE has ruined many great companies in the name of rapid expansion followed by profiteering and then crashing the brand afterward. It’s the standard playbook.
Posted on 11/19/24 at 10:22 pm to real turf fan
quote:
So if you're an owner founder, did you just sign a non-compete contract, or can you wait a year or two and then go out and do it well again?
He’s now a billionaire, I doubt he goes through a startup grind again.
Posted on 11/20/24 at 6:01 am to yaboidarrell
This is how they all go to shite eventually. Founder creates a good sandwich, builds a customer bases, opens many locations, becomes a favorite - then sells it to someone who brings in McKinsey consulting to tell them how to increase revenue and cut costs.
Next thing you know you are eating glued together pig ears on you ham sub.
Next thing you know you are eating glued together pig ears on you ham sub.
Posted on 11/20/24 at 6:20 am to yaboidarrell
PEs….the one issue that unites everyone across the political spectrum
Posted on 11/20/24 at 6:45 am to TejasHorn
quote:
They’ll be like subway in short order.
So every store will be run by Indians?
Posted on 11/20/24 at 6:46 am to yaboidarrell
Imagine paying $12 for bread and sandwich meat that costs them 75 cents.
Posted on 11/20/24 at 8:15 am to Havoc
quote:
Pretty damn good for what it is.
I like their sandwiches, but frick paying $20 for a cold cut sandwich and a bag of chips.
Posted on 11/20/24 at 8:21 am to yaboidarrell
Their bread sucks
Page 5 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News