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Subway IP LLC, [8] trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps. It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines [ 9 ] in Bridgeport, Connecticut .
DeLuca's plan was to begin a "fast-food venture that provided a healthful, less fattening bill of fare". [4] On the radio advertisement they had promoted the name as "Pete's Submarines," which sounded like "Pizza Marines", so they changed the name to "Pete's Subway." Eventually in 1968, it was shortened to simply "Subway" as it is known today. [9]
Peter Buck (December 19, 1930 – November 18, 2021) was an American physicist, restaurateur, and philanthropist who co-founded the Subway fast-food restaurant chain alongside Fred DeLuca. Early life and education
Today, it may seem like there is a Dunkin' Donuts in every town, but that wasn't always the case. It all started with one mom-and-pop shop that opened in 1950. From that one establishment, a chain ...
Expansion is also a key strategy for the sandwich chain. In 2023, Subway plans to increase new openings across North America by roughly 35%. In April, Subway announced five new multi-unit owner ...
Subway said Tuesday that it's exploring a possible sale of the sandwich company. Milford, Connecticut-based Subway has been privately owned since its founding in 1965. In a statement posted on its ...
It then grew to nearly 5,000 restaurants; by 2013, Quiznos was the second-largest submarine sandwich shop chain in North America, behind Subway. [5] It filed for bankruptcy in 2014; by 2016, it had dropped to ninth place, [ 6 ] and the number of Quiznos locations in the United States fell from a 2007 high of 4,700 to just 400 a decade later.
"Coca-Cola has been a significant part of our U.S. franchisees’ business for nearly two decades, and we appreciate their partnership," a representative from Subway said.