In the current environment, no decision has been made as to when Subway will be sold and who will buy it. There is no guarantee that Subway will even be sold. However, the famous JP Morgan is advising on the sale of Subway.
Subway has more than 37,000 restaurants in more than 100 countries. Since its inception in 1965, Subway has been operating as a fully private company.
Subway has been losing its market share over the past few years as various competitors have come in. At first Subway struggled as competitors introduced new varieties of food.
Later in 2017, Subway revamped its restaurants and introduced new dishes and menus. After a long period of stagnation, Subway said sales will rise 9.2% in 2022.
Subway has been releasing its earnings results for the past eight quarters. Subway is a completely private company and is not required to publish its earnings results. But Subway is releasing earnings results as it tries to turn the business back to profitability.
Subway co-founder Peter Buck passed away in November 2021. He owns 50% stake in Subway. He left 50% of his share to charity. This has also raised doubts whether the sales of the subway company will be affected.