No one wants Subway
July 14, 2023
Subway, which put itself up for sale in February, is now seeking new bidders after failing to secure the $10 billion price tag it was seeking. The chain has extended the bidding deadline and is searching for new suitors, according to sources. Previous bidders were private equity firms that struggled with financing, leading to a weak sales process and valuations that did not meet Subway’s expectations.
Recent News
American Airlines Expands Service to Caribbean and Latin America
As the travel industry experiences a post-pandemic resurgence, American Airlines is capitalizing on the growing demand for vacation destinations in Latin America and the Caribbean.
Indiana Judge Rules Tacos and Burritos Are Sandwiches
An Indiana judge has made a significant decision in his court that could change the food world’s description of their favorite Mexican-style foods.
Elon Musk Confirms Twitter Is Now X.com
The bird is gone and officially replaced with X.
Texas Braces for Record-Breaking Power Demand
Texas is bracing for a record-breaking power demand next week as a spring heat wave drives residents and businesses to ramp up air conditioning usage.