Hotline: 1800 102 2007
X
Search Business Opportunities
franchise 2015-09-16

Sandwich Man Fred DeLuca Subway CEO and Co-Founder Dies at 67

DeLuca, a pioneer in restaurant franchising, turned Subway into a global empire with more than 44,000 locations in over 115 countries.

By edit@franchiseindia.net
Sandwich Man Fred DeLuca Subway CEO and Co-Founder Dies at 67

Subway Co-founder and CEO Fred DeLuca who has set the tune for making Subway one of the top performing global chain and the top restaurant franchisee died on Monday at the age of 67, the company said.

Deluca Co-Founded Subway way back in 1965 when he was just 17 year with a $1,000 loan from his doctor friend Peter Buck.

“He was an extremely ambitious businessman, a bright and analytical thinker and was even a member of Mensa,” the statement said.

Over the decades Deluca has made Subway one of the top most restaurant franchisee company with presence in approximately 115 countries, Subway has given the greatest numbers of outlet than any other chain.

DeLuca had been undergoing treatment for leukemia since 2013. He had recently named his sister, Suzanne Greco, as president, in charge of daily operations.

According to a report, DeLuca opened his first sandwich shop, called Pete’s Super Submarines, in Bridgeport, Conn. Initially, his plans were to raise money from the shop to help pay for his education to become a doctor but he became a sandwich man with a goal of opening 32 stores in a decade.

In 1974, when DeLuca and Buck had 16 sandwich outlets throughout Connecticut, they realized they wouldn’t meet their goal unless they franchised the brand. DeLuca, a pioneer in restaurant franchising, turned Subway into a global empire with more than 44,000 locations. Forbes this year estimated his net worth at $3.5 billion.

Comment
Related opportunities
  • Banking & Insurance Training Institute
    About Us: NIBF, a brand of GEM Learning Services Pvt. Ltd.,..
    Locations looking for expansion Chhattisgarh
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Raipur Chhattisgarh
  • Ice creams & Yogurt Parlors
    About Us: Makers of Milkshakes thrives on the cravings of the..
    Locations looking for expansion Telangana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Juices / Smoothies / Dairy parlors
    About Us:   The Crêpe Café is BFC Retail Group ’s..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Casual dine Restaurants
    About: Desi Vibes specialized in authentic Mughlai and North Indian cuisine.The..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2014
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts