Subway, one of many world’s largest restaurant manufacturers, introduced immediately that its shareholders are exploring a attainable sale of the corporate. There isn’t a indication of timing or assurance {that a} sale will happen. J.P. Morgan is advising the corporate and can conduct the sale exploration course of. The corporate doesn’t intend to make any additional public remark concerning the method till it has been accomplished.
The administration staff stays dedicated to the longer term and can proceed to execute in opposition to its multi-year transformation journey, which features a concentrate on menu innovation, modernization of eating places and enhancements to its general visitor expertise. The corporate just lately introduced one other record-setting yr, ending 2022 exceeding international gross sales projections and attaining eight consecutive quarters of optimistic same-store gross sales development.
Subway is in additional than 100 international locations with almost 37,000 eating places.
