Subway Sold to Roark Capital, Expanding Fast-Food Empire

Subway, the global sandwich chain, has announced that it will be sold to private equity firm Roark Capital, known for its expertise in restaurant management. The terms of the deal were not disclosed. The acquisition is expected to help Subway expand and improve its stores, with plans to modernize restaurants and expand internationally. Despite being one of the world's largest restaurant chains, Subway has been losing market share in the US to competitors like Panera and Firehouse Subs. The company has been making efforts to revitalize its menu and attract customers. Subway's global same-store sales have shown positive growth, and the company has invested in remodeling its US restaurants.