Goldman Sachs Group Inc's asset management arm is among the suitors for the U.S. based sandwich chain Subway, which has been put up for sale with an estimated $10 billion price tag, Sky News reported on Saturday.
Goldman Sachs and TPG declined to comment.The sandwich chain last month
it was exploring a possible sale of its business due to surging costs and mounting competition from deeper-pocketed rivals. The quick-service restaurant brand did not indicate the timing or assurance of whether a sale would occur. The Wall Street Journal in January said a potential sale could value Subway at more than $10 billion.
The company reported a 9.2% jump in same-store sales for 2022 and has more than 37,000 restaurants in more than 100 countries.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs upgrades this ‘internet of things’ stock — which it sees surging 60%The upgrade came a day after the company posted fourth-quarter results that beat expectations.
Read more »
Goldman Sachs partners who have left under David SolomonInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Crypto Biz: Did crypto winter scare off Visa and Mastercard?Jack Dorsey's decentralized Twitter rival hits the app store, Goldman Sachs open to hiring more crypto professionals and Cuy Sheffield responds to reports that Visa is dragging its feet on crypto partnerships. Reporting via forgeforth_
Read more »
Goldman Sachs head of digital assets on investing and future of cryptoGoldman Sachs' head of digital assets says there's still 'a little bit more pain' to come for crypto startups. Here's how he's looking for the silver lining in the industry.
Read more »
Britney Spears Sells Her Calabasas Home for Over $10 MillionBritney Spears' off-market listing closed with a $10.1 million transaction.
Read more »