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Potbelly

All articles tagged with #potbelly

business2 months ago•9 min saved

Wendy's appoints Cirulis as CFO and Chief Strategy Officer to drive growth

The Wendy's Company announced the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer, effective June 23, 2026, succeeding Ken Cook who will remain in an advisory role through July. Cirulis previously served as CFO and CSO at Potbelly Sandwich Works and has held senior strategy and finance roles at Panera Bread, McDonald's and Gap, Inc. CEO Bob Wright says Cirulis will help lead Wendy's turnaround, drive topline growth and improve franchisee profitability, with the board recognizing Ken Cook's contributions.

via The Wendy's Company - Investor Relations|

#business #cfo #leadership

business11 months ago•1 min saved

RaceTrac to acquire Potbelly in $566M deal

Potbelly Sandwich Works is being acquired by gas station chain RaceTrac for $566 million, aiming to expand from 445 to 2,000 stores across the U.S., while maintaining its neighborhood sandwich shop experience.

via MLive.com|

#acquisition #business #expansion

business11 months ago•1 min saved

RaceTrac Acquires Potbelly for $566 Million in Strategic Expansion

RaceTrac, a convenience store operator, is acquiring sandwich chain Potbelly for $566 million, marking a rare move for a convenience store company to buy a restaurant brand outright, with the deal representing a 47% premium and potentially inspiring other convenience stores to consider restaurant acquisitions.

via Yahoo Finance|

#acquisition #business #convenience-stores

business11 months ago•2 min saved

RaceTrac Acquires Potbelly for $566 Million in Convenience Store Expansion

Potbelly, a Chicago-based sandwich chain, has been acquired by southern convenience store company RaceTrac for $566 million, ending its 12-year public trading history. The deal aims to leverage RaceTrac's resources for growth, potentially integrating Potbelly restaurants into RaceTrac stores and expanding the brand's reach, while also possibly reducing the number of standalone Potbelly locations initially. The acquisition is expected to close in the fourth quarter pending approval.

via Chicago Tribune|

#acquisition #business #expansion

business11 months ago•1 min saved

RaceTrac to acquire Potbelly for $566 million

Potbelly, a sandwich chain founded in 1977 with 445 locations, is being acquired by RaceTrac for $566 million in an all-cash deal, aiming to expand Potbelly to 2,000 locations. The acquisition is part of RaceTrac's strategy to grow its brand portfolio, with the deal expected to close in Q4. Despite recent challenges like inflation and pandemic impacts, Potbelly's profits and franchise growth have been strong, making it an attractive target for expansion.

via AP News|

#acquisition #business #franchise