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Subway opened nearly 750 restaurants in 2022, and 145 new restaurants in the first quarter of 2023. In total, there are nearly 37,000 restaurants in 100 countries.
Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. It brings to an end the sandwich chain’s near six-decade run as a family-owned business.
Subway's core product is the submarine sandwich (or "sub"). It also sells wraps, salad, paninis, and baked goods (including cookies, doughnuts, and muffins). Subway also sells breakfast sandwiches, English muffins, and flatbread. In 2006, "personal pizzas" debuted in some US markets. These are made to order (like the subs) and heated for 85 ...
The Atlanta-based private equity firm Roark Capital bought Subway in April. Subway, based in Shelton, Connecticut, did not immediately respond to requests for comment.
After reading an article about an Indiana man who lost 245 pounds (111 kg) eating Subway Sandwiches, Fred DeLuca met Jared Fogle, bought him a new Mitsubishi Galant, and made him Subway's featured spokesman by 2000. [14] [15] After Fogle became Subway's spokesman, sales and store openings started to skyrocket. [13] [16] [17] [15]
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.
John Walker Chidsey (born June 11, 1962) [1] is an American businessman and attorney who has been CEO of Subway since November 2019. He was formerly the executive chairman and CEO of Burger King Corporation. [2] [3] [4] He is a director and member of the audit committee for HealthSouth Corporation.
The international sandwich chain says it's on track to "more than double" new restaurant openings this year.