Subway-the World’s Largest Fast Food Chain on a Downward Spiral

Subway was started as Pete’s Super Submarines in Bridgeport in the summer of 1965 . DeLuca, who was then 17, borrowed US$ 1,000 from a family friend, a doctor, Peter Buck , to start a sandwich store. But the duo found success only in the early 1970s. In 1974, they started selling franchises under the name ‘Subway’. The company, which operated under a holding company called Doctor’s Associates, did not own a single location, but operated all the locations through franchisees and collected 8% of the revenue as royalty...