Subway clamps down on franchisees as fast-food giant eyes $8B sale: sources

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...