Subway Said to Weigh Potential Sale That Might Top $10 Billion
- Sandwich chain long a target for rivals, private equity firms
- Closely held company has grown to 37,000 locations worldwide
Closely held Subway is one of the world’s largest quick-service restaurant chains, with about 37,000 locations in more than 100 countries.
Photographer: Michael Nagle/Bloomberg
This article is for subscribers only.
Subway is exploring a potential sale that could value the sandwich chain at more than $10 billion, according to a person familiar with the matter.
The process is in its early stages and Subway could still decide against pursuing a sale, said the person, asking not to be identified because the information isn’t public.