Go Ad-Free
My Alerts
Moneycontrol
Moneycontrol PRO
Get App Open
In App
Lending
Lending
Go PRO Now
Open App
HomeNewsbusiness

In Pics | 58 year old sandwich chain Subway explores sale of business

As per The Wall Street Journal, there was a potential sale in the previous month that could value Subway at over $10 billion.

Moneycontrol News | February 15, 2023 / 13:55 IST
1/4
On February 14, popular sandwich chain Subway stated that it was exploring a possible sale of business give it was facing surging costs and shooting competition from deeper-pocketed rivals. As per The Wall Street Journal, there was a potential sale in the previous month that could value Subway at over $10 billion. Image credits: Subway
On February 14, popular sandwich chain Subway stated that it was exploring a possible sale of business since it was facing surging costs and shooting competition from deeper-pocketed rivals. As per The Wall Street Journal (WSJ), there was a potential sale in the previous month that could value Subway at over $10 billion. Image credits: Subway
2/4
Fred DeLuca founded the company in 1965 at the age of 17, with a family friend named Peter Buck. It is now owned by the founding families since the chain first opened as "Pete's Super Submarines" in Bridgeport, Connecticut. Image Credits: Subway
Fred DeLuca founded the company in 1965 at the age of 17, with a family friend named Peter Buck. It is now owned by the founding families since the chain first opened as "Pete's Super Submarines" in Bridgeport, Connecticut. Image Credits: Subway
3/4
Subway took a decision to overhaul its menu in the year 2021, and thus pour money into marketing, in an attempt to bring back customers. They did this with their new sandwiches amidst high competition from Popeyes and Chick-fil-A. Image Credits: Subway
Subway took a decision to overhaul its menu in the year 2021, and thus pour money into marketing, in an attempt to bring back customers. They did this with their new sandwiches amidst high competition from Popeyes and Chick-fil-A. Image Credits: Subway
4/4
On February 14, Subway stated that J.P. Morgan was advising the company and will also conduct the process for sale exploration. No indicated timing or the assurance of the sale was mentioned, it added. Image Credits: Subway
On February 14, Subway stated that JP Morgan was advising the company and will also conduct the process for sale exploration. No indicated timing or the assurance of the sale was mentioned, it added. Image Credits: Subway

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347