Reuters – Subway has hired advisers to consider a sale of the sandwich chain that could be valued at more than $10 billion, The Wall Street Journal reported Wednesday, citing people familiar with the matter. rice field.
The process is in its early stages and is expected to attract potential corporate buyers and private equity firms, the report said, adding that a sale or other transaction may not take place.
“As a privately held company, we do not comment on our ownership structure or business plans,” a company spokeswoman said in an emailed statement to Reuters.
As one of the world’s largest quick service restaurant brands, Subway has over 37,000 restaurants in over 100 countries. The Milford, Connecticut-based company is known for its foot-long sandwiches and quick-service restaurants, and for more than 50 years he’s been owned by his two founding families.
In 2021, media reports said Subway was cleaning itself up for a sale, but the restaurant chain denied it.
(Reporting by Shivani Tanna, Bangalore; Editing by Sherry Jacob Phillips)
