Subway's US$10 billion price tag is tough to swallow

(Image: Getty)

Fri, 04 Aug 2023

By Leticia Miranda At a time when the value of an increasing number of United States companies are exceeding the once unthinkable US$1 trillion (NZ$1.6t) mark, it feels odd to ask whether businesses can be too big to be profitable. And yet that’s the very question sandwich chain Subway Restaurants is asking itself right now – and it may not like the answer.Although its distinctive green and yellow signs have become a fixture of American fast casual dining, the closely-held Milford, Connecticut -based franchise has yet to f...

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