<p>Sandwich chain Subway said on Tuesday that it was exploring a possible sale of the company.</p>.<p>The company said J.P. Morgan is advising and will conduct the sale exploration process.</p>.<p>The sandwich chain, which is one of the world's largest quick-service restaurant brands, has more than 37,000 restaurants in over 100 countries and has been owned by its two founding families for more than five decades.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/subway-eyeing-potential-sale-that-might-value-them-over-10-billion-1180219.html" target="_blank">Subway eyeing potential sale that might value them over $10 billion</a></strong></p>.<p>In 2021, it denied media reports that the restaurant chain was tidying itself up for a sale.</p>.<p>In 2021, Subway had decided to overhaul its menu and pour more money into marketing in a bid to win back customers with its new sandwiches amid stiff competition from Popeyes and Chick-fil-A.</p>.<p>Subway said there was no indication of timing or assurance that a sale will occur. (Reporting by Ananya Mariam Rajesh and Granth Vanaik in Bengaluru; Editing by Devika Syamnath)</p>
<p>Sandwich chain Subway said on Tuesday that it was exploring a possible sale of the company.</p>.<p>The company said J.P. Morgan is advising and will conduct the sale exploration process.</p>.<p>The sandwich chain, which is one of the world's largest quick-service restaurant brands, has more than 37,000 restaurants in over 100 countries and has been owned by its two founding families for more than five decades.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/subway-eyeing-potential-sale-that-might-value-them-over-10-billion-1180219.html" target="_blank">Subway eyeing potential sale that might value them over $10 billion</a></strong></p>.<p>In 2021, it denied media reports that the restaurant chain was tidying itself up for a sale.</p>.<p>In 2021, Subway had decided to overhaul its menu and pour more money into marketing in a bid to win back customers with its new sandwiches amid stiff competition from Popeyes and Chick-fil-A.</p>.<p>Subway said there was no indication of timing or assurance that a sale will occur. (Reporting by Ananya Mariam Rajesh and Granth Vanaik in Bengaluru; Editing by Devika Syamnath)</p>