Blackstone to become majority owner of Jersey Mike’s

Private equity giant Blackstone is nearing a deal for Jersey Mike’s, which would value the sandwich chain at ~$8 billion. Jersey Mike’s Founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business. The chain has 3,000+ locations open and in development, including 92 active locations across South Carolina and five more in the works. SC is ranked 10th when it comes to number of locations, but it is a heavyweight on a per capita basis with a Jersey Mike's store for every 58k residents, only second to North Carolina which has a store for every 51k residents.

Cancro began working at the original Point Pleasant, NJ location at the age of 14, which was founded in 1956 as Mike’s Subs. He acquired the location in 1975 at age 17 and began franchising units in 1987. The chain made its way to SC in 1998 – back then, regular subs were $3.65-$4.95 and giant sandwiches ranged from $5.35 to $7.95.

Blu Oyster Sushi & Seafood closes

The Johns Island restaurant officially closed yesterday after announcing in a social media post that its team is prioritizing health and family.

Rick Agius, the owner of Garage 75 and Zeppelin Pizza Co., debuted Blu Oyster ~3 years ago. The restaurateur previously opened and closed Dills Camp & Sundries on Camp Road and a second Zeppelin location at 1175 Folly Road, where Ti-Ney Bangkok currently operates.

West Ashley gets new Egyptian spot

Egy Dough has recently opened at 2578 Ashley River Rd, bringing Egyptian pies, Pizza, shawarma, and sweets. Lauren says "Run don't walk!"

Check out their menu here.

🍝 New Italian restaurant just opened

The owners of Migliori’s Pizzeria have opened Abbracci Italian Cuisine & Cocktails at 1146 Muhlenbergia Drive in north Mount Pleasant. Bar opens at 4 pm and full dinner service starts at 5 pm Wed-Sun.

Check out their menu here.