News

Jimmy John's sale rumored

Sources say Jimmy John's is considering selling a major stake in the company and has hired a boutique investment bank to advise on a potential deal.

September 15, 2014

The Chicago Tribune reported recently that Jimmy John's Gourmet Sandwiches has hired North Point Advisors to advise it on the possible sale of a major stake in the company.

Details on the size of the stake are unclear, according to the article, and talks are in the early stages. The deal could include part of Founder Jimmy John Liautaud's stake in the company, as well as the significant minority share currently owned by private equity firm Weston Presidio.