Subway says it's exploring a sale

Tue, 02/14/2023 - 13:34

Subway new menu — A sale of Subway, which is one of the largest fast food chains in the world, could fetch more than $10 billion, according to the Wall Street Journal.
Subway

Subway said Tuesday that it is exploring a sale of the chain.
Last month the WSJ said Subway was up for sale in a deal that could fetch more than $10 billion.
The decision comes after the company's last surviving founder, Peter Buck, died in 2021.

Subway said Tuesday that it's exploring a possible sale of the company.

"There is no indication of timing or assurance that a sale will occur," the sandwich chain said in a brief statement. "J.P. Morgan is advising the company and will conduct the sale exploration process."

The company declined to comment further.