Jersey Mike's strikes European expansion deal led by founder Peter Cancro
CNBC••general
Key Points:
- Jersey Mike's Subs is launching its first European expansion in 2025, aiming to open 400 stores across the U.K. and Ireland through a deal led by founder Peter Cancro's company, JM Submarines UK LTD.
- The expansion marks the beginning of Jersey Mike's international growth strategy following its $8 billion acquisition by Blackstone in late 2024.
- CEO Charlie Morrison emphasized maintaining the brand's commitment to quality, freshness, and authenticity, believing these attributes will appeal to consumers globally.
- Morrison plans to leverage Jersey Mike's 20 years of positive same-store sales growth in the U.S. and his international experience from Wingstop to guide the brand’s overseas success.
- While some menu adaptations may
