Subway up for Sale; Valued at $10 Billion, Reports

QSR-chain Subway is considering to sell the brand as per reports published in WSJ and Reuters.

The process is at an early stage and is anticipated to draw potential corporate bidders and private equity groups.

According to reports, the American fast-food restaurant is valued at $10 billion.

“As a privately held company, we don't comment on ownership structure and business plans," a Subway spokesperson told Reuters in an emailed query.

Owned by the two founding generations of the business in Milford, Connecticut for more than five decades, Subway operates more than 37,000 restaurants in over 100 countries.

Earlier in May 2022, Sandwich chain Subway has announced to hire more than 50,000 restaurant team members in June as part of a nationwide hiring program.

In the release, it mentioned that it has vacancy for multiple jobs at its more than 20,000 restaurants nationwide.