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In 1965, Fred DeLuca after receiving a loan of US$1000 from friend Peter Buck, opened 'Pete's Super Submarines' in Bridgeport, Conneticut.
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A year after their first sandwich shop opened, Fred and Peter formed Doctor's Associates.inc to help oversee the restaurants as the franchise spread.
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In 1968, the third eatery Pete and Fred opened was named "Subway" and the duo made a profit of US$7000
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In 1974, 16 Subway restaurants had already been established. The duo had trouble keeping the products sold in their restaurants consistent in all 16 restaurants, so they decided to franchise teh company.
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Subway opens its 100th store after a rapid expansion.
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Subway opens its first store outside the USA, in Bahrain, an island off the coast of Saudi Arabia.
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Subway today is a major TNC (trans-national company) and has even surpassed the Golden Arches in terms of number of stores. It still sells sandwiches, and Deluca is the current CEO of the company.
