Per WSJ

Subway had over 37,000 locations worldwide, and now, the sandwich chain is entertaining the potential of selling the company. So far, the company has retained advisers and is looking at selling the company at a valuation of $10 billion.

The report highlights people familiar with the situation, saying the process is still in its early stages. Due to it being way too early in the process, it is still hard to tell whether there will be a deal or not.

The company's process is expected to attract private-equity firms and buyers despite being owned for over five decades by the same two founding families. Should a sale actually happen, the sandwich chain could have a valuation of over $10 billion.

In other news, financial institutions like Goldman Sachs have decided to lay off 3,200 people since 2018. The company let go of roughly 6% of its workforce as it reached 49,100 people by the end of September 2022. Aside from Subway, Mr. Beast has teased an IPO for Feastables and Beast Burgers.

Subway noted that they weren't going to comment on any business plans and its ownership structure. They then shared their plans for the future.

“We continue to be focused on moving the brand forward with our transformational journey to help our franchisees be successful and profitable.”

In 2021 alone, Subway made $9.4 billion in sales from its 21,000 US locations, up 13% from 2020 when the pandemic happened, and the company had to improve its operations. So far, the largest global sales numbers that the company achieved were in 2012, when it peaked at $18 billion.

After hitting its $18 billion peak, it slowly declined afterward, but despite that, it was still able to become one of the largest restaurant chains in the world. This was because the company aggressively opened up new locations over the last decade.

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The Wall Street Journal