Subway (sandwich)
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| Subway | |
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Formerly called
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Pete's Super Submarines (1965-1968) |
| Private | |
| Industry | Restaurants |
| Genre | Fast food |
| Founded | August 28, 1965 in Bridgeport, Connecticut, U.S. |
| Founders | |
| 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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| Website | subway |
Subway is a privately held American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. Subway is one of the fastest-growing franchises in the world and, as of June 2017, has approximately 45,000 stores located in more than 100 countries. More than half of the stores are located in the United States. It is the largest single-brand restaurant chain and the largest restaurant operator in the world.
As of 2017[update], the Subway Group of companies is organized as follows. Subway IP Inc. is the owner of the intellectual property for the restaurant system. Franchise World Headquarters, LLC leads franchising operations. FWH Technologies, LLC owns and licenses Subway's point of sale software. Franchisors include Doctor's Associates Inc. in the U.S.; Subway International B.V.; Subway Franchise Systems of Canada, Ltd.; etc. Advertising affiliates include Subway Franchisee Advertising Fund Trust, Ltd.; Subway Franchisee Advertising Fund Trust, B.V.; Subway Franchisee Canadian Advertising Trust; etc.
Subway's international headquarters are in Milford, Connecticut, with five regional centers supporting the company'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".
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Wikipedia