Currently, Subway is looking into the prospect of selling its family business. There are tens of thousands of locations for the fast food company globally, but it faces severe competition from businesses like McDonald's. According to the Wall Street Journal, the corporation is valued at over $10 billion (£8.2 billion). JP Morgan is advising the business on the sale.
The company was founded in 1965 by Fred DeLuca and Peter Buck and has since grown to become one of the largest fast-food chains in the world, with over 40,000 locations in more than 100 countries. According to reports, the decision to explore a potential sale comes after several years of declining sales and franchisee unrest. In recent years, the company has faced increased competition from other fast-food chains and a growing demand for healthier and more customizable food options.
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