Subway

The sandwich shop chain is reportedly looking into a sale that would put the value of the company at over $10 billion, after years of trying to turn itself ...

As the WSJ noted, the chain was run by its co-founder, Fred DeLuca, for 50 years, and after that, people related to the two families who were involved in launching the business led the chain. The company's inspectors were reportedly directed to find fault with the franchise operators and remove the businesses from the operators (at which point the company could theoretically take them over or shut them down). has decreased by about 3,000 in the last few years. She said she did not look back fondly on her time kicking out the franchise owners. However, the outlet also notes private equity (if a firm in the sector emerged as a possible buyer) has been struggling to obtain certain types of financing amid higher interest rates, making a potential sale possibly more challenging. Are You Asking It Already? "I was kind of his hit man," one inspector, Rebecca Husler, told the NYT at the time. [per the company's website](https://www.subway.com/en-US/aboutus/history#:~:text=The%20Subway%C2%AE%20story%20began,initial%20%241%2C000%20investment%20from%20Dr.). The deal could value the company at over $10 billion, the WSJ reported. [franchisees](https://www.entrepreneur.com/franchises) after what some saw as overexpansion, the [New York Times](https://www.nytimes.com/2019/06/28/business/subway-franchisees.html) reported in 2019. [Become a Franchise Owner in 5 Easy Steps](https://www.entrepreneur.com/franchise/become-a-franchise-owner-in-5-easy-steps/351546) [Wall Street Journal](https://www.wsj.com/articles/subway-explores-sale-that-could-value-sandwich-chain-at-more-than-10-billion-11673480236) and [Reuters](https://www.reuters.com/markets/deals/subway-explores-sale-that-could-value-it-over-10-bln-wsj-2023-01-11/).

Subway's two founding families could see some significant money come their way if a sale of the foot-long sandwich chain occurred.

[CLICK HERE TO GET THE FOX BUSINESS APP](https://www.foxbusiness.com/apps-products) [SUBWAY CROWNS FORMER BURGER KING CHIEF AS CEO](https://www.foxbusiness.com/markets/subway-crowns-former-burger-king-chief-as-new-ceo) Forbes estimated [his net worth](https://www.forbes.com/profile/fred-deluca/?sh=68a862396895) to be $2.5 billion that year. The company later had John Chidsey, who formerly helmed Burger King, take on the chief executive role at Subway that he continues to hold in the present day. [exited the position](https://www.foxbusiness.com/markets/subway-ceo-suzanna-greco-to-retire-from-sandwich-chain) in 2018 to retire. For over 50 years, the DeLuca and Buck families have had ownership of the Connecticut-based brand. [passed away](https://www.foxbusiness.com/markets/subway-says-co-founder-fred-deluca-dead-at-67-after-being-diagnosed-with-leukemia). [SUBWAY EXPLORES SALE OF SANDWICH CHAIN](https://www.foxbusiness.com/markets/subway-explores-sale-sandwich-chain) People familiar with the matter told the Journal the transaction could be worth over $10 billion. Subway was founded by the late Fred DeLuca and Dr. [foot-long sandwich chain](https://www.foxbusiness.com/category/food-drinks) occurs. [reported Wednesday](https://www.wsj.com/articles/subway-explores-sale-that-could-value-sandwich-chain-at-more-than-10-billion-11673480236) that the [fast food chain](https://www.foxbusiness.com/category/fox-news-fast-food) hired advisors to explore a possible sale.

The sandwich chain is said to be exploring a sale that could value it at more than $10 billion. As sole owners, the families of late founders Fred DeLuca ...

A Subway restaurant on Mill Plain Road in Danbury, Conn. On Jan. 12, 2023, the Wall Street Journal reported the Connecticut-based company is fielding offers for ...

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Privately-held Subway is exploring a sale that could value the sandwich chain at more than $10 billion. · Corporate as well as private equity buyers may bid for ...

The value of such deals globally was down 37% [year-over-year (YOY)](https://www.investopedia.com/terms/y/year-over-year.asp) as of late December.4 If Subway goes through with the sale, it would be the largest U.S. Conversely, Domino's Pizza ( [DPZ](https://www.investopedia.com/markets/quote?tvwidgetsymbol=dpz)) is down 40% from its high in late 2021. [privately-held firm](https://www.investopedia.com/terms/p/privatecompany.asp), Subway is in the early stages of considering a sale after retaining advisers. [loss leader](https://www.investopedia.com/terms/l/lossleader.asp), juiced growth of the Subway franchise. The share price of Chipotle Mexican Grill ( [CMG](https://www.investopedia.com/markets/quote?tvwidgetsymbol=cmg)) has nearly quadrupled over the last four years. The long-running promotion, a The reported $10 billion valuation amounts to slightly more than its 2021 revenue of $9.4 billion. Subway received lots of bad publicity when an Australian teen discovered his footlong only measured 11 inches, and again when the chain's longtime spokesman Jared Fogle went to prison after a child pornography conviction.3 [Mergers and acquisitions (M&A)](https://www.investopedia.com/terms/m/mergersandacquisitions.asp) slowed dramatically last year amid rising interest rates, which have made financing big deals much more expensive. But the promotion's cost and Subway's high rate of [royalties](https://www.investopedia.com/terms/r/royalty.asp) on [franchisees'](https://www.investopedia.com/terms/f/franchisee.asp) sales proved unsustainable, leading to an eventual decline. restaurant franchise with 21,000 U.S. The company could draw bids from corporations as well as [private equity](https://www.investopedia.com/terms/p/privateequity.asp) firms.2 Subway, the largest U.S.

With its Recent Revenue Uptick, the Sandwich Franchisor Could Fetch $10 Billion-Plus ... The ubiquitous Subway sandwich chain has recently begun looking into the ...

Subway’s first CEO from outside the founding families, John Chidsey, took over in November 2019 and has been working on a turnaround. [decline](https://www.franchisewire.com/where-did-subway-go-wrong/) since Subway’s best year, 2012, when it hit $18 billion in sales, according to Technomic. In October 2022, Subway reported that same-store sales increased 8.4% during the third quarter as compared to the third quarter of 2021. Subway’s late co-founder Fred DeLuca led the company for decades, before he was diagnosed with leukemia. Subway’s response to a Journal query about a potential sale was that “as a privately held company, we don’t comment on ownership structure and business plans. Subway, headquartered in Milford, Conn., has about 21,000 U.S.

I saw someone get attacked, and it was very violent out of nowhere, and I knew someone needed to do something,” John Catania said during a press conference ...

“Physically, the cuts on my head and upper back from trying to stop the attack have healed. Catania, too, sustained injuries during the attack, including a laceration to the head that required 26 stitches. So, I just tried to do my best, tried to intervene and stop any more violence."