CMS Francis Lefebvre and Taylor Wessing advise McWin and Subway® respectively on partnership to expand Subway® franchise network in France, Belgium, Luxembourg and the Czech Republic
Subway® has almost 400 restaurants across these territories, managed by independent franchisees, and plans to open approximately 600 new restaurants over the next decade under this new partnership. As one of the world’s largest quick service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads and bowls to millions of guests, across more than 100 countries and territories in nearly 37,000 restaurants every day.
McWin Capital Partners is a private investment advisory firm co-founded by Henry McGovern and Steven K. Winegar and active principally in the foodservice and food technology sectors.
On 19 March 2024, Subway® and McWin Restaurant Fund SCSp, a private investment Fund specialising in the foodservice industry and advised by McWin Capital Partners, announced their intention to partner to increase the brand's presence in France, the Czech Republic, Luxembourg and Belgium. Through new master franchise agreements to be entered into for these territories with McWin affiliates, McWin will acquire exclusive rights to oversee and develop Subway® restaurants in these four countries, with the ambition of modernising and enhancing the customer experience.
The transaction is expected to be completed in the second quarter of 2024.
The CMS Francis Lefebvre team advising McWin consisted mainly of :
- M&A : Alexandre Delhaye (partner), Antoine Melchior and Dylan Allali,
- Franchise : Aliénor Fèvre (counsel), Manon Fleury,
- IP/IT : Anne-Laure Villedieu (partner), Anaïs Arnal and Maxime Hanriot,
- Tax Law : Xavier Daluzeau (partner), Chloé Delion (counsel), Julia Paradis and Andrea Rizk,
- Employment law : Caroline Froger-Michon (partner) et Camille Baumgarten.
Specialist teams from the CMS network also advised McWin in the Netherlands, Switzerland, Belgium, Luxembourg and the Czech Republic.
