We don't need another private equity deal that could lead to higher food prices for consumers. The @FTC is right to investigate whether the purchase of @SUBWAY by the same firm that owns @jimmyjohns and @McAlistersDeli creates a sandwich shop monopoly. https://t.co/mAFuuFYA5A

— Elizabeth Warren (@SenWarren) November 26, 2023

Amid its high-profile assaults on Amazon and Microsoft, the FTC isn’t too busy to worry about people’s lunch.

The Federal Trade Commission is investigating if the $10 billion purchase of Subway creates a sandwich shop monopoly with Jimmy John’s and Arby’s. The latter two, in addition to McAlister’s Deli and Schlotzky’s, are owned by private equity firm Roark Capital, which inked a deal to buy Subway in August. The government is focused in part on whether the addition of Subway gives Roark too much control of a lucrative segment of the fast food industry, the people said.

Roark paid around $10 billion for Subway, according to a third person with knowledge of the deal.

The Atlanta-based Roark focuses on consumer chains with franchise models, and which also include Dunkin’, Buffalo Wild Wings and Baskin-Robbins.

[Personally, I’m not a sammich fan to begin with, but I did appreciate the Spongmonkeys. Always thought it was a mistake to dump them.]

[But…but…WAIT! There’s HOPE! OMG – THEY’RE BACK!!]

[Happy Sunday, y’all. ~ Beege]