After nearly 60 years, Subway is exploring a possible sale.
👉 Background: Subway was founded in 1965 in the US and has around 37,000 locations in over 100 countries.
👉 What happened: After nearly 60 years, Subway is exploring a possible sale. A price tag wasn’t announced; but it's understood Subway could be valued at more than $10 billion USD.
👉 What else: Subway reckons now is a good time to sell because it is in the process of modernising itself. We’re talkin’ revamping its menu, its stores and its digital presence.
💡Bold investments in customer experience and service can take an old trusted brand into the stratosphere.
💡With a revamped menu, store renovations and international growth, Subway has been on the rebound in recent years. In fact, it achieved “record-setting sales” across its US locations in October last year.
💡On top of that, its sales made through the Subway app or third-party services doubled from 2021 to 2022. And all of these changes have made Subway an attractive target for a buyer.
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