USD 9.6 billion: Financial investor acquires world’s largest sandwich chain Subway
Washington, DC — Subway is one of the most well-known fast food chains in the world. Subway has been selling its sandwiches since 1965. And since then, the company has also been owned by the founding families of Fred DeLuca and Peter Buck. That is about to change, according to the US newspaper Wall Street Journal.
According to the newspaper report, the financial investor Roark Capital is about to take over the sandwich chain. The owner of fast-food chains Arby’s and Buffalo Wild Wings will put about $9.6 billion on the table for Subway, the WSJ reported, citing people familiar with the matter. A deal could be finalized in the near future, he said.
Subway had said in February that the chain was looking into a sale. The sandwich chain is hoping for a price well in excess of nine billion dollars in a sale. Subway has been owned by the founding families since its inception in 1965.
Subway with almost 700 stores in Germany
Subway has more than 37,000 stores in over 100 countries, with nearly 700 of the sandwich chain’s stores in Germany alone. This makes it one of the fast-food chains with the most branches in the world, but it is behind the giant McDonald’s. However, the chain’s sales have declined in recent years. Nevertheless, Subway had recently expressed a plan to build even more stores internationally.