Subway (restaurant)
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| Subway | |
| Privately held company | |
| Industry | Restaurants |
| Genre | Fast food |
| Founded |
As Pete's Super Submarines: August 28, 1965 Bridgeport, Connecticut, U.S. As Subway: 1968 |
| Founders |
Fred DeLuca Peter Buck |
| Headquarters | Milford, Connecticut, U.S. |
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Number of locations
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44,834 restaurants in 112 countries |
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Key people
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Suzanne Greco (CEO, President) |
| Products |
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| Owner | Doctor's Associates, Inc. |
| Website | www |
Subway IP Inc., (doing business as Subway) is a privately held American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. It is owned and operated by Doctor's Associates, Inc., doing business as Subway IP, Inc. Subway is one of the fastest-growing franchises in the world, with 44,882 restaurants in 112 countries and territories as of December 27, 2016. The United States alone has 26,646 outlets. It is the largest single-brand restaurant chain and the largest restaurant operator in the world.
Subway's international headquarters is in Milford, Connecticut; five regional centers support Subway's international operations. The regional offices for European franchises are located in Amsterdam (Netherlands), the Australian, and New Zealand locations are supported from Brisbane (Australia); the Asian locations are supported from offices in Beirut (Lebanon) and Singapore, and the Latin American support center is in Miami.
In 1965, Fred DeLuca borrowed $1,000 from friend Peter Buck to start "Pete's Super Submarines" in Bridgeport, Connecticut, and in the following year, they formed Doctor's Associates Inc. to oversee operations of the restaurants as the franchise expanded. The holding company derives its name from DeLuca's goal to earn enough from the business to pay tuition for medical school, as well as Buck's having a doctorate in physics. Doctor's Associates is not affiliated with, nor endorsed by, any medical organization. In 1968, the sandwich shop was renamed "Subway".
The first Subway on the West Coast was opened in Fresno, California, in 1978. The first Subway outside of North America opened in Bahrain in December 1984. The first Subway in the United Kingdom was opened in Brighton in 1996. In 2004, Subway began opening stores in Walmart supercenters and surpassed the number of McDonald's locations inside U.S. Walmart stores in 2007.
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Wikipedia