By Peter Hoskins and Annabelle Liang Business reporters Global sandwich chain Subway says it is exploring a possible sale of the business after almost six decades of family ownership. The firm has been growing rapidly for years but is now facing soaring costs and increased competition. A sale of the company could value it at more than $10bn (£8.2bn), according to the Wall Street Journal, which first reported the story. Investment banking giant JP Morgan is advising Subway on the potential sale. Subway said that it does not plan to give any further updates on the process until it is completed and has not said how long it could take. The man who made burgers and pizzas popular in India Domino’s pulls out of the birthplace of pizza Earlier this month, the company announced its second year in a row of record sales. Subway said same-store sales rose 9.2% last year, compared to 2021. It added that it would "continue to execute against its multiyear transformation journey", that includes new menu items and modernising its restaurants. Subway was founded in 1965 as Pete’s Super Submarines in Bridgeport, Connecticut, by 17-year-old Fred DeLuca and family friend Peter Buck. It went […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
