The largest rapid catering chain of America is on a downward spiral, reports say
And it can be a buyer.
Metro is America's largest rapid catering chainby the number of locationsIt is therefore difficult to imagine that we will never see a world without it. But the chainClosed more locations that any other rival of last year and rumors of a troubled operation and an imminent sale swirl.
The metro has obtained nearly 1,800 domestic locations since the beginning of 2020, with its total number of restaurants, from 23,800 in 2019 to just over 22,000. During the same period, sales fell by 10.2 billions of dollars to $ 8.3 billion. (In touch:7 new fast food chicken sandwiches Everyone talks about)
The channel has also reduced its staff, some believing thatabout 500 employees At the headquarters of the company has lost their job since the beginning of last year. The cost reduction measures of John Chidsey's CDG would have included the hike of the Connecticut seat in Florida, a rumor that rejected the metro. However, the company has moved a number of its C t sequence frameworks, as well as its culinary and marketing teams in Miami last month, according toInternal business community.
Chidsey is also rumored to have put pressure on the metro relationship with its franchisees by ceasing bidirectional communication and instituting controversial menu changes that injure profits. As we previously reported, many were shocked when the metro announced that it wasCut roasted oil and roast chicken Since his menu last June, a gesture that some operators have risen sharply because the two proteins were popular among customers. At a time,The company has deployed A "$ 5 footchongs when you buy two" dealings ", which saw a major turning point of the operators who said it would lose too much money. (The previous decision wasRecently reversed.)
The company's movements can be indicative of an intention to sell to a private equity enterprise, according to experts. And there are already two probable buyers, according toInternal business community. The two restaurants international brands (the parent company of Burger King, Popeyes and Tim Hortons) and inspires (who owns Arby's and Sonic, among others) examined the purchase of subway over the past year.Eat this, not that!Reacted the subway to comment, but the chain did not respond so far.
For more tragedy with metro, checkThe new prosecution alleges that tuna metro contains "absolutely no tuna". And do not forget toSubscribe to our newsletter To get all the latest news from the restaurant delivered directly in your inbox.
