With more than 2,000 sandwich-slinging stores across the country raking in some $2 billion a year in sales, Illinois-based Jimmy John’s seems like the perfect business to take public. But Jimmy John himself has decided against trying to cash in with an initial public offering. CEO, founder, and majority owner Jimmy John Liautaud tells Bloomberg that he had been considering going public for the last couple of years, but ultimately opted to keep things private for now. He likens the years of prep to making an entire Thanksgiving dinner and then tossing it in the trash “right before I was going to serve it.” In recent months, the company, which would have gone public with an estimated value of around $2 billion, had been putting together meetings about an IPO.

BING NEWS:
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    05/9/2024 - 8:17 am | View Link
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    Jimmy Kimmel is ready to put his legal hat on. After his interview with Stormy Daniels was brought up during Donald Trump‘s hush-money trial, the comedian jokingly offered to testify in court.
    05/3/2024 - 3:26 am | View Link
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    Jimmy John's is a popular and widely available sandwich chain, but these posts from employees might have you thinking twice about some of the menu items there.
    05/2/2024 - 7:30 am | View Link
  • Sandwich Chain Wants to Give Your Mom ‘Brunch in a Cup’ for Mother’s Day
    Jimmy John's and Zing Zang have unveiled their new collab, which brings together sandwiches and Bloody Marys. The "Brunch in a Cup" kit includes the brands' Jimmy Pickle Bloody Mary Mix, a custom ...
    04/30/2024 - 9:20 am | View Link
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