Subway says it is evaluating the company’s sale – 02/14/2023 – Market
[ad_1]
The fast-food chain Subway said on Tuesday (14) that it is considering a possible sale of the company.
The company said that JPMorgan is advising and will conduct the study process for the sale.
The chain, one of the largest fast-food brands in the world, has more than 37,000 stores in over 100 countries and has been owned by the two founding families for more than five decades.
In 2021, the company denied media reports that it was preparing for a sale.
In the same year, Subway decided to revamp its menu and invest more resources in marketing in an attempt to win back customers with new sandwiches, amid strong competition from Popeyes and Chick-fil-A.
Subway said there is no indication of time or guarantee that a sale will take place.
your subscription can be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the top news of the day. Your subscription helps us to create independent and quality journalism. Thanks!
your signature is worth a lot
More than 180 reports and analyzes published each day. A team with more than 200 columnists and bloggers. Professional journalism that supervises public authorities, conveys useful and inspiring news, counterpoints the intolerance of social networks and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR BRL 1.90 IN THE 1st MONTH
[ad_2]
Source link
:strip_icc()/s02.video.glbimg.com/x720/12519489.jpg)
