Subway recently announced that it was looking into the possibility of selling its business, which could be worth up to $10 billion. The firm was established in 1965 by family friend Peter Buck and 17-year-old Fred DeLuca and has more than 37000 eateries spread over more than 100 nations.
The development follows a Wall Street Journal story from earlier this month that the Milford, Connecticut-based business was looking for a merger that could increase its worth to more than $10 billion. For more over 50 years, the two founding families of Subway have controlled the business. According to the newspaper, it had around 37000 locations globally as of 2021, with roughly 21,000 of those being situated in the United States. By location, it is the biggest restaurant chain in the United States. One of the biggest quick-service restaurant businesses in the world, the corporation, earlier this month announced a 9.2% increase in same-store sales for 2022.
