Subway considers selling chain
Business
Early-stage procedure anticipated to draw potential corporate bidders, private equity groups
(Reuters) - Sandwich chain Subway is considering selling the company.
The Wall Street Journal was the first to report that the sandwich chain might get more than $10 billion in the sale.
The early-stage procedure is anticipated to draw potential corporate bidders and private equity groups.
One of the biggest quick-service restaurant brands in the world, Subway, has more than 37,000 locations throughout more than 100 countries. The two founding generations of the business which are situated in Milford and Connecticut are famous for its foot-long sandwiches for more than 50 years.
In 2021, media reports had said that Subway was tidying itself up for a sale but the restaurant chain had denied it.
