Jersey Mike’s to open 400 stores in UK and Ireland

Core Insights - Jersey Mike's Subs plans to open up to 400 locations in the UK and Ireland, marking its first expansion into Europe [1] - The expansion is facilitated through a franchise agreement with JM Submarines UK, led by founder Peter Cancro [1] - CEO Charlie Morrison highlighted this move as a pivotal milestone in the company's growth journey into the European market [2] Company Background - Jersey Mike's was established in 1975 by Peter Cancro, who has been instrumental in its growth from a single location to over 3,200 outlets across North America [2] - Cancro served as CEO for nearly five decades before becoming chairman in April 2025 [2] - The company was sold to Blackstone for $8 billion in November 2024, which included debt, and Blackstone is supporting its expansion both domestically and internationally [3] Leadership and Strategy - Peter Cancro continues to hold a significant shareholding in Jersey Mike's after the sale to Blackstone [3] - Charlie Morrison was appointed as CEO last year, indicating a strategic leadership transition as the company seeks to grow in new markets [3]