Fred DeLuca, co-founder of the largest restaurant chain by units in the world, Subway, died September 14 at the age of 67, just weeks after celebrating his company's 50th anniversary. DeLuca founded Subway when he was 17 with funds from a family friend, Dr. Peter Buck, a nuclear engineer. DeLuca was originally looking for money for college, but Buck challenged him to start a sub shop. DeLuca grew the single store named Pete's Super Submarines to worldwide sales of $18.2 billion and 43,154 units as Subway.
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I'm a Minnesota Twins baseball fan. Besides watching them on TV, I'm guessing I probably attend 20 games or more a year at Target Field, their home ballpark. It's still a pretty new venue with slick restaurants featuring avant-garde food (for a ballpark), craft beers and wine, climate-controlled areas with padded seats and more. This isn't grandpa's ballpark, folks. (That's yours truly with mascot T.C. to the left.)
Catherine Monson is a stand-up franchise executive. Fastsigns' CEO has taken the standing desk one step further and included a treadmill. The only downside, Monson says she's found so far to never sitting at her desk is the change in her footwear—flats. “I know this disappoints friends who like amazing high heels,” she says, sighing as she adds that she's had all her pantsuits hemmed for flat shoes. (She does have heels at the ready.)
Sure, it's fun to be in business for yourself, but Misty Young has advice for prospective franchisees—the point is making money. She and partners are executing the largest development deal in Rita's Italian Ice history.
Paul Brown had never led a fast-food franchise in his life when new investor Roark Capital picked him to run Arby's—a concept so out-of-touch with today's tastes it was the butt of comedians' jokes. But Brown and his team punched back, proudly embracing its meats, and today can boast a fast-food revival against the odds.