Feb 15, 2023
Sandwich chain Subway explores sale of business
Global sandwich chain Subway says it is exploring a possible sale of the business after almost six decades of family ownership. Investment banking giant JP Morgan is advising Subway on the potential sale. Subway said same-store sales rose 9.2% last year, compared to 2021. It went through several name changes before finally being renamed Subway in 1972. Subway restaurants are owned and operated by franchisees, including thousands of entrepreneurs and small business owners.
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