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Atlanta, Ga. and Champaign, Ill. - October 18, 2019 - Inspire Brands, Inc. ("Inspire") today announced the completion of its acquisition of Jimmy John's Sandwiches ("Jimmy John's"). With the addition of Jimmy John's, Inspire now encompasses more than 11,200 restaurants across 16 countries generating more than $14 billion annual system sales, making it the fourth-largest.
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Inspire Brands is taking sub chain Jimmy John's abroad as part of a broader international push by one of the world's largest restaurant conglomerates.. The move will take Jimmy John's to.
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Inspire Brands struck another seismic deal Wednesday morning, becoming the fourth-largest restaurant company in the U.S. with the purchase of 2,800-unit Jimmy John's. The companies engaged in an equity-swap transaction, but didn't disclose financial terms. Following completion of the deal, expected by October's end, Inspire Brands—the Roark Capital Group-backed umbrella company of Arby.
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February 3, 2022. By Kendra Rhim. Following a refreshed brand identity in 2021, Jimmy John's recently unveiled a fresh, new take on its restaurant design with its first drive-thru only location in Bartow, Florida. In partnership with experience agency ChangeUp, the new concept is designed to meet the needs of today's guest.
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According to a Wednesday report from Bloomberg, Inspire Brands-backer Roark Capital has held preliminary discussions with potential advisers to take the multi-concept giant public. An initial public offering would arrive in late 2024 or 2025, depending on market conditions, sources told the publication, with Inspire commanding a value of roughly $20 billion. Deliberations for the […]
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Bree Boos started her journey at the age of 19 as a server at Buffalo Wild Wings before becoming a Talent Acquisition Advisor with Inspire. And Tyika Johnson-Edward worked at Arby's as a Fast Track General Manager more than 10 years ago before moving over to Buffalo Wild Wings to become a Human Resources Business Partner.
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In bold red and black type, the Jimmy John's website proudly proclaims: "We're freaky fast so your sandwich arrives freaky fresh." That zesty tagline, or perhaps a robust fast-food industry, has.
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There were 1,130 restaurants nine years ago, marking 148 percent growth to last year's 2,803 locations. Jimmy John's was the fourth largest sandwich chain in America at the end of 2018 in terms of U.S. systemwide sales (in millions), according to the QSR 50. It trailed just Subway ($10,410.34), Panera Bread (5,734.63), and Arby's ($3,886.90).
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In February 2018, Arby's Restaurant Group closed a $2.9 billion deal for Buffalo Wild Wings—a blockbuster that gave rise to the company's new name. Yet Inspire was already stirring behind the curtain. The headline: "Arby's Buys Buffalo Wild Wings," welcomed a wave of social media noise, much of it muddled.
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Two years later, in 2018, Roark formed Inspire Brands following the $2.9 billion acquisition of Buffalo Wild Wings by Arby's, one of the firm's existing portfolio companies. . In a way, Roark just agreed to buy what it already owns. Jimmy John's traces its origins back to a converted garage near the Eastern Illinois University campus.
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Aaron Allen, CEO and chief global strategist of his eponymous Aaron Allen & Associates, called Inspire Brands, "the fastest-growing foodservice company in the history of the world." And in an era where U.S. acquisitions are driving nearly 30 percent of revenue growth among publicly traded restaurant companies, consolidation and multi-brand targets are becoming only more […]
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Inspire is a multi-brand restaurant company whose portfolio includes more than 32,600 Arby's, Baskin-Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's, and SONIC restaurants worldwide. Biggs leads a growing Team 31 comprised of over 1,200 franchisees with over 2,500 shops across the country.
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Inspire Brands announced Thursday an organizational realignment that will focus the business around three key segments—brands, commercial and company restaurants, and growth. As part of the first pillar, Scott Murphy—who previously served as head of beverage & snacking and Dunkin's president—is now chief brand officer. The industry veteran is tasked with overseeing all of Inspire's […]
