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RaceTrac to Acquire Potbelly Sandwich Chain for $566 Million
Financial MarketsAcquisitionUpdated 14 hours ago

RaceTrac to Acquire Potbelly Sandwich Chain for $566 Million

RaceTrac, a convenience store operator, is acquiring the sandwich chain Potbelly for $566 million. This strategic move aims to enhance RaceTrac's food offerings and improve customer experience, with the deal expected to close this year. The companies clarified that not every RaceTrac will feature a Potbelly location.

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Convenience store operator RaceTrac to buy sandwich chain Potbelly for $566 million
PositiveFinancial Markets
RaceTrac, a convenience store operator, is set to acquire the sandwich chain Potbelly for $566 million. This move aims to expand RaceTrac's food offerings and enhance customer experience.
Editor’s Note: This acquisition is significant as it reflects the growing trend of convenience stores diversifying their food options. By adding Potbelly's sandwiches, RaceTrac can attract more customers and compete effectively in the food service market.
Potbelly Sandwich Chain to Sell Itself to Convenience-Store Operator RaceTrac
PositiveFinancial Markets
Potbelly Sandwich Chain is set to be acquired by RaceTrac for $566 million, with the deal expected to close this year. The companies have clarified that they do not intend to place a Potbelly in every RaceTrac location.
Editor’s Note: This acquisition is significant as it highlights the growing trend of convenience stores expanding their food offerings. It could lead to new opportunities for Potbelly and enhance RaceTrac's appeal to customers looking for diverse meal options.

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