The fight for the freshman 15

  @FortuneMagazine August 15, 2013: 7:10 AM ET
FIO02 aramark

Pepper's pizza, an institution at the University of North Carolina at Chapel Hill, stayed open for 25 years before shutting its doors last March. Owner David "Pepper" Harvey says he felt the heat in part from private-equity-owned food industry behemoth Aramark. He started to lose money on his lunch business -- as much as $60,000 a year, he estimates -- around 2007, after then-CEO Joseph Neubauer took over at Aramark and, bolstered by funds from J.P. Morgan and Goldman Sachs, expanded in higher-education food services. Neubauer had good reason: College students spent an estimated $42 billion on food in the 2013 school year outside the cafeteria, according to re:fuel's College Explorer survey.

Join the Conversation
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.