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The Guardian - US
The Guardian - US
Business
Dominic Rushe in New York

New on the menu: Subway sandwich chain explores potential sale

Subway has appointed JP Morgan to advise the company and conduct the sale exploration process.
Subway has appointed JP Morgan to advise the company and conduct the sale exploration process. Photograph: Thomas White/Reuters

Fast-food chain Subway has put itself on the menu – announcing on Tuesday it is exploring a possible sale of its business after 58 years of family control.

After years of rapid growth, rising costs and mounting competition from rivals have taken their toll on the company in recent years, but it still has more than 37,000 restaurants in over 100 countries – making it one of the largest chains in the world.

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