“As a privately held company, we don’t comment on ownership structure and business plans,” Subway said in an email. “We continue to be focused on moving the brand forward with our transformational journey to help our franchisees be successful and profitable.”
Subway is exploring a potential sale that could value the sandwich chain at more than US$10 billion, according to a person familiar with the matter.
The process is in its early stages and Subway could still decide against pursuing a sale, said the person, asking not to be identified because the information isn’t public.
