company founders

Co-Founder And CEO Of Subway Fred DeLuca Dies At Age 67

Co-Founder And CEO Of Subway Fred DeLuca Dies At Age 67

Fifty years ago, Fred DeLuca was an entrepreneurial Connecticut teenager who wanted to earn money for college, and didn’t actually know anything about restaurants or about sandwiches. He asked a family friend, Peter Buck to loan him $1,000, and opened up a sandwich shop called Pete’s Super Submarines. (Co-founder Buck came up with the concept.) Nine years later, the first franchise opened, and 50 years later there are more than 44,000 restaurants worldwide. [More]