Subway opened its 100th store in 1978 and its 200th just three years later in 1981. It now has an estimated 37,000 sites around the world - and the fast food chain's new owners believe they could have 60,000 outlets one day.
Mr DeLuca, a factory worker's son, told the Chicago Tribune in 1985:"On our first day, we ran out of all ingredients and sold 312 sandwiches; foot-long subs with cheese, ham, salami and a variety of vegetables. I'd done a great job of promotion."Mr DeLuca recalled:"I picked a horrendous location. The people didn't come back. We'd meet on Monday nights and discuss how we were doing. On one Monday night in February, we met after selling seven sandwiches.
After the fourth store opened in 1967, the pair shortened the name of the business - which had already been changed to Pete's Subway - to simply Subway. It proved the move that paved the way for the chain's explosive growth. Subway opened its 100th store in 1978 and its 200th just three years later in 1981. It now has an estimated 37,000 sites around the world.The business catapulted the pair to billionaire status - but Mr DeLuca died from leukaemia at the age of 67 in 2015. His sister Suzanne Greco, who had been head of operations and research and development, took over the running of the company.
Meanwhile, Jared Fogle, who had fronted its advertisements for more than a decade, was jailed in 2016 following a child pornography scandal. The sale proceeds will be split equally between the Peter and Carmen Lucia Buck Foundation - as well as Mr DeLuca's widow Elisabeth, who reportedly inherited her late husband's entire shareholding.
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