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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 .
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]
They also introduced a new logo and changed the name of their operation from what was then "Pete's Subway" to "Subway Sandwiches". [ 10 ] Subway continued to grow over the ensuing years and by 2010 became the largest fast food chain worldwide, with 33,749 restaurants. [ 11 ]
Subway has a new owner: food behemoth Roark Capital. The deal closed on Thursday before market open. WSJ previously reported that the bid valued the sandwich chain for about $9.6 billion. Roark ...
This undated photo provided by Subway, shows Peter Buck, co-founder of the Subway Sandwich chain. Buck, whose $1,000 investment in a family friend's Connecticut sandwich shop in 1965 provided the ...
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 ...
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Anna Tollison of the New York City borough of Queens said she paid $7.61 for a Steak & Cheese sandwich at a local Subway, not realizing Subway's ads showed a sandwich containing at least 200% more ...