Sandwich chain Subway is exploring a sale valuing it at over $10 bn: Report

Substantial news broke on Wednesday as Reuters reported that renowned sandwich chain Subway is considering selling its business. Market analysts estimate the company might be worth a whopping $10 billion or more, according to The Wall Street Journal’s first report.

At this moment, the process is still in its infancy; yet it has already gained attention from potential corporate buyers and private-equity firms. Despite that, it remains a possibility that no sale or alternative agreement will ensue.

A representative of the company declared to Reuters in an emailed statement-

“As a privately held company, we don’t comment on ownership structure and business plans.”

As one of the leading fast-food chains in the world, Subway boasts over 37,000 restaurants located in more than 100 countries. The Milford, Conn.-based company has been renowned for its iconic footlong sandwiches since it was founded by two families half a century ago and remains solely owned to this day.

Recently there have been speculations that Subway is looking into undergoing a sale; however, these reports were denied by the restaurant chain itself earlier this year.

This latest news, however, confirms that Subway is indeed analyzing a potential sale and values itself at over $10 billion.

It appears that time will tell if the iconic sandwich chain will remain in its current state or become part of a larger corporate entity. We’ll keep you posted on further developments as this story develops.

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