Subway clamps down on franchisees as fast-food giant eyes $8B sale: sources
Subway is saying in its pitch materials that sales per store were down 2% from 2010 through 2020 but have risen the last two years so they are now at the same level as they were in 2012
By News on the Net -- New York Post—— Bio and Archives--February 26, 2023
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Subway is putting the squeeze on its franchise owners to shore up sales and profits as the struggling sandwich giant attempts to reel in a buyer, The Post has learned.
The nation’s largest fast-food chain is pitching private equity firms on a prospective sale by showing them revenue and earnings that imply the company could be worth more than $8 billion, two sources with direct knowledge of the process said. ---More...
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