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Subway has retained advisers to discover a sale that may worth the sandwich chain at greater than $10 billion, the Wall Street Journal reported on Wednesday, citing folks accustomed to the matter.
The course of, which is in an early stage, is predicted to draw potential company patrons and private-equity corporations, the report mentioned, including although it’s potential there will not be a sale or different deal.
“As a privately held firm, we do not touch upon possession construction and enterprise plans,” an organization spokesperson advised Reuters in an emailed assertion.
Subway, one of many world’s largest quick-service restaurant model, has greater than 37,000 eating places in over 100 international locations. The Milford, Conn….
Keep on studying: Subway explores sale that would worth it at over $10B – WSJ
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