US-based global sandwich chain Subway, whose control has been held by the families of its co-founders since its inception, may be up for sale soon, with an estimated valuation of over $10 billion.
The Connecticut-headquartered quick-service food chain, known for its signature submarine (sub) sandwiches and wraps, has retained advisers to explore a sale, the Wall Street Journal reported, citing people familiar with the developments. Subway, US-Based Iconic Global Sandwich Chain, Heading for Sale With Valuation Over $10 Billion?.