Jan 11 (Reuters) – Sandwich chain Subway is exploring a sale of its enterprise, a supply advised Reuters on Wednesday.
The sale might worth the sandwich chain at greater than $10 billion, the Wall Road Journal first reported.
The method, which is at an early stage, is anticipated to draw potential company patrons and private-equity corporations, the report mentioned, including that it's potential there will not be a sale or different deal.
“As a privately held firm, we do not touch upon possession construction and enterprise plans,” an organization spokesperson advised 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 nations. The Milford, Conn.-based firm, identified for its foot-long sandwiches, has been owned by its two founding households for greater than 5 many years.
In 2021, media studies mentioned Subway was tidying itself up for a sale, however the restaurant chain had denied it.
Reporting by Shivani Tanna in Bengaluru and Abigail Summerville in New York; Modifying by Sherry Jacob-Phillips and Dhanya Ann Thoppil
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