Sandwich chain Subway is exploring a sale of its business, a supply instructed Reuters on Wednesday.
The sale may worth the sandwich chain at greater than $10 billion, the Wall Street Journal first reported.
The course of, which is at an early stage, is predicted to draw potential company patrons and private-equity corporations, the report mentioned, including that it’s attainable there will not be a sale or different deal.
“As a privately held company, we don’t comment on ownership structure and business plans,” an organization spokesperson instructed Reuters in an emailed assertion.
Subway, one of many world’s largest quick-service restaurant manufacturers, has greater than 37,000 eating places in over 100 international locations. The Milford, Conn.-based firm, recognized for its foot-long sandwiches, has been owned by its two founding households for greater than 5 a long time.
In 2021, media experiences mentioned Subway was tidying itself up for a sale, however the restaurant chain had denied it.
