Subway , Is for Sale.
CNN reports that the sandwich company
confirmed it is "exploring a possible sale" on Feb. 14.
Subway hired J.P. Morgan to help with the process.
Subway hired J.P. Morgan to help with the process.
However, the 58-year-old company
said there is "no indication of timing
or assurance that a sale will occur.".
Subway said it won't make any more
public comments about selling the
business until the process is complete. .
According to 'The Wall Street Journal,'
the chain could sell for over $10 billion.
CNN reports that Subway's new menu, renovations and international growth have bolstered the company in recent years.
CNN reports that Subway's new menu, renovations and international growth have bolstered the company in recent years.
Sales at North American
stores rose 7.8% last year.
The company has also seen twice as much digital growth via its app or third-party services compared to 2021.
One of Subway's newest changes
involves slicing meat in stores instead
of receiving pre-sliced meat.
We were one of the few,
if only, sub shop that
didn’t slice in restaurant. , John Chidsey, Subway CEO, via CNN.
Not only does it give the guest
a better perception of seeing the nice, fluffy meat, but we save a lot of
money since we were paying a lot of
money to have it sliced upstream, John Chidsey, Subway CEO, via CNN
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