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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]
Subway continued to grow over the ensuing years and by 2010 became the largest fast food chain worldwide, with 33,749 restaurants. [11] In 2015, Buck was ranked No. 261 on the Forbes 400 list of wealthiest people, with an estimated net worth of $1.6 billion.
Subway CEO John Chidsey, who joined the company in 2019, said the deal reflects Subway’s long-term growth potential and the value of the brand. Sandwich chain Subway will be sold to fast-food ...
A day before Subway’s announcement, Midwest chain Skyline Chili announced it will start serving Coca-Cola products instead of Pepsi products starting in April, which caused longtime customers to ...
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The R62s also brought back the much more reliable WABCO RT-2 or SMEE braking system after an absence from subway equipment last used on their R42s in 1969. WABCO also discontinued their trouble-prone RT-5 or P-wire braking systems after disastrous results, with continuous teething problems used during the 1970s period.
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