With thousands of store closures in the last three years and petitions against Subway from its franchise owners, the fast-food chain with the most locations globally seems to be on the rocks. We unpack what's going on and where Subway's headed from here. With more than 42,000 restaurants in over 100 countries, Subway has the most locations of any fast-food chain on the planet. And at first, that sounds like a sign of a thriving sub giant. However, Subway is anything but. Subways closed thousands of stores in the last three years and saw a 25% fall in business from 2012 to 2017. So what happened? The chain began as Petes Super Submarines in Bridgeport, Connecticut, in 1965. Three years later, cofounders Fred DeLuca and Peter Buck rebranded it to simply Subway. Announcer: Subways famous giant foot-long sandwiches are made right before your eyes, the way you want em. Len Van Pope ring: What was so compelling then and still is today about Subway is really an open-kitchen format. In...
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