{"id":512318,"date":"2026-01-13T03:59:18","date_gmt":"2026-01-13T03:59:18","guid":{"rendered":"https:\/\/www.europesays.com\/us\/512318\/"},"modified":"2026-01-13T03:59:18","modified_gmt":"2026-01-13T03:59:18","slug":"jersey-mikes-strikes-european-expansion-deal-led-by-founder-peter-cancro","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/512318\/","title":{"rendered":"Jersey Mike&#8217;s strikes European expansion deal led by founder Peter Cancro"},"content":{"rendered":"<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/01\/107398716-1712677162783-gettyimages-2141623360-js1_3203_nwk1qfoj.jpeg\" alt=\"Jersey Mike's CEO Morrison discusses Europe expansion\"\/><\/p>\n<p>Jersey Mike&#8217;s Subs is taking its signature sandwiches overseas with its first European expansion set for this year, the company said Monday. <\/p>\n<p>Leading the push is the brand&#8217;s founder and board chair, Peter Cancro, via his company, JM Submarines UK Ltd.<\/p>\n<p>The deal between Jersey Mike&#8217;s and Cancro&#8217;s entity calls for 400 stores to be opened in the U.K. and Ireland, and it will be the first in a series of plans for international growth. The privately owned Jersey Mike&#8217;s was acquired for a reported $8 billion <a href=\"https:\/\/www.cnbc.com\/2024\/11\/19\/blackstone-strikes-8-billion-deal-for-jersey-mikes-subs.html\" target=\"_blank\" rel=\"noopener\">by Blackstone in late 2024<\/a>. <\/p>\n<p>&#8220;All consumers, not only here in the U.S. but around the world, are looking for a great value, but they want quality. They want authenticity,&#8221; Jersey Mike&#8217;s CEO Charlie Morrison told CNBC in an interview. &#8220;Everything about the brand screams quality and freshness, and I think that&#8217;s what consumers want anywhere in the world. They&#8217;re going to be picky and careful about what they choose, but we believe strongly they&#8217;re going to choose Jersey Mike&#8217;s over anybody else.&#8221;<\/p>\n<p>Morrison noted that deli-style subs are becoming a staple internationally, and he plans to stay true to the brand&#8217;s roots in this expansion. He said Jersey Mike&#8217;s 20 consecutive years of positive same-store sales growth in the U.S. will help inform the international move. <\/p>\n<p>A Jersey Mike&#8217;s restaurant in Walnut Creek, California, Nov. 21, 2024.<\/p>\n<p>David Paul Morris | Bloomberg | Getty Images<\/p>\n<p>At Wingstop, where Morrison served as CEO until 2022, the brand pushed heavily into international markets and was a pandemic winner in both stock performance and sales.<\/p>\n<p>&#8220;I&#8217;ve learned that in my past, that consumers around the world really prefer that you bring them &#8230; that which got the brand to where it is today,&#8221; Morrison said.<\/p>\n<p>Cancro founded Jersey Mike&#8217;s in 1975 after purchasing the first Mike&#8217;s Subs store in Point Pleasant, New Jersey. He led the brand as CEO for nearly 50 years, until Morrison took over in April 2025. <\/p>\n<p>He said diners might see different toppings or sauces overseas than they do in the U.S., but the product will ring true to what is served in the sates.<\/p>\n<p>&#8220;We see it as a great sandwich market,&#8221; Cancro said of Europe. &#8220;[There are] a lot of players in the marketplace, and we see a tremendous opportunity.&#8221;<\/p>\n<p>The U.S. consumer is increasingly value-conscious, but Jersey Mike&#8217;s believes it can still win over diners in that environment, Morrison said.<\/p>\n<p>&#8220;Certainly, we&#8217;ve seen some challenges at the lower end across the industry, but again, at Jersey Mike&#8217;s, it&#8217;s a craveable product. It&#8217;s one that&#8217;s going to be a staple for consumers for a long time to come,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Jersey Mike&#8217;s Subs is taking its signature sandwiches overseas with its first European expansion set for this year,&hellip;\n","protected":false},"author":3,"featured_media":512319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,81,229001,988,67,132,68],"class_list":{"0":"post-512318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-news","10":"tag-charlie-morrison","11":"tag-restaurants","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115885792571901156","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/512318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=512318"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/512318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/512319"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=512318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=512318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=512318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}