By WJBC Staff
CHAMPAIGN – Jimmy John’s is reportedly going to hit the auction block.
Reuters reports the popular Champaign-based gourmet food chain plans to sell a major equity stake to private investors.
Reuters says the Jimmy Johns’ majority owner Jimmy John Liautaud is looking to divest up to 15 percent of his stake in the sandwich shop. Jimmy John’s has yearly earnings of about $150 million.
Jimmy John’s has 2,400 franchises in 46 states.
