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Subway

Financing

As it nears a sale, Subway touts its international recovery

 By Jonathan Maze on Jun. 30, 2023

The sandwich giant over the past two years has signed deals that would add more than 9,000 restaurants internationally, turning around a business that was surprisingly weak.

Financing

Cava, Subway and Darden rescue a boring M&A market

 By Jonathan Maze on Jun. 27, 2023

The Bottom Line: Restaurant M&A has been slow for the past year and a half thanks to inflation and interest rates. Could these deals change its course?

Financing

Would Subway be better off going public?

By Jonathan Maze on Jun. 12, 2023

The Bottom Line: The sandwich chain is likely to sell to a private-equity firm that will load the company up with debt. An IPO could fetch a higher valuation. So why is it not taking that route?

Financing

Subway makes a huge deal to expand in China

By Jonathan Maze on Jun. 06, 2023

The sandwich giant signed a 4,000-unit, master franchise agreement with Shanghai Fu-Rui-Shi Corporate Development, its largest such agreement in the brand’s history.

Financing

At Subway, a very public auction draws to a close

By Jonathan Maze on Jun. 06, 2023

The Bottom Line: The company has reportedly narrowed its list of buyers and the price tag is down. But the deal is taking a while to get over the finish line, and here’s why.

Financing

Here's how many restaurants Subway closed last year

By Jonathan Maze on May 01, 2023

The fast-food sandwich giant slowed its rate of closures in 2022 but still shuttered 571 U.S. restaurants. It has the lowest number of restaurants since 2005.

Financing

Subway says it has started the year off strongly

By Jonathan Maze on Apr. 24, 2023

The fast-food sandwich chain, which is on the market, says its same-store sales increased 11.7% in North America in the first quarter.

Financing

Subway is another example of poor succession planning

By Jonathan Maze on Apr. 20, 2023

The Bottom Line: CEO John Chidsey admitted that company founder Fred DeLuca “whiffed” on a succession plan before his death in 2015, which led to years of stagnation.

Financing

Here's why you should buy Subway, according to CEO John Chidsey

By Joe Guszkowski on Apr. 19, 2023

The once-struggling sandwich chain is now in growth mode, Chidsey said in a wide-ranging interview at the Restaurant Leadership Conference. He expects a deal to be done by May or June.

Financing

Subway takes a key step in its franchising strategy

By Jonathan Maze on Apr. 17, 2023

Subway, eager to bring more large-scale operators into the system, announced agreements with five new multi-unit restaurant franchisees. It also grew its international business last year.

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