The Subway fast food chain is to be sold to Roark Capital for $9.6 billion according to a recent article in The Wall Street Journal. Subway is the eighth largest chain the US based on revenue in the US market in 2022.

The top restaurant chain in terms of US revenue is McDonald’s (MCD). While Starbucks (SBUX) at number two is not surprising, Chick-fil-A taking the third spot is indeed surprising.

All the top 10 companies listed above are established players with billions in revenue. It remains to be seen if any of the smaller startup chains such as Sweetgreen (SG) and others can join this elite group.

Source: Subway Sandwich Chain Nears Sale, WSJ

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