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]
