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Fred DeLuca

14 Votes

Nominated for a Small Business Influencer Award in:
Leaders

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Fred DeLuca, born in 1948 in New York City, is the billionaire co-founder of the Subway franchise of sandwich restaurants. DeLuca is an alumnus of University of Bridgeport and Central High School in Bridgeport, CT.

When DeLuca was seventeen years old, he borrowed $1,000 from family friend Peter Buck to start his first sandwich shop in 1965. In 1978, Subway’s 100th store opened, and in 1987, the franchise had 1000 stores.

As of October 2008, the company counts over 34,000 franchised locations in 91 countries and produces US $9.05 billion sales every year.

 









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