Fred DeLuca

American businessman and co-founder of Subway

Fred DeLuca (October 3, 1947 – September 14, 2015) was an American businessman, best known as the co-founder of Subway, one of the world's largest fast-food restaurant chains.

Early life and education

Fred DeLuca was born in Brooklyn, New York City, to Italian-American parents. He grew up in a modest household and from a young age demonstrated an entrepreneurial spirit. DeLuca attended Central High School in Bridgeport, Connecticut. After high school, he enrolled at the University of Bridgeport, where he pursued a degree in psychology.

Career

Founding of Subway

Fred DeLuca in 2011

In 1965, at the age of 17, DeLuca borrowed $1,000 from family friend Peter Buck to start "Pete's Super Submarines" in Bridgeport, Connecticut. The goal was to earn enough money to pay for his college tuition. The first store was a small sandwich shop, and the business model was simple: provide fresh, affordable sandwiches to customers.

The name "Subway" was adopted in 1968, and the company began franchising in 1974. Under DeLuca's leadership, Subway expanded rapidly, becoming one of the largest fast-food chains in the world. By the time of his death, Subway had over 44,000 locations worldwide.

Business philosophy

DeLuca's business philosophy centered around providing value to customers and maintaining a simple, scalable business model. He emphasized the importance of customer satisfaction and operational efficiency. DeLuca was also known for his hands-on approach to management and his ability to adapt to changing market conditions.

Personal life

Fred DeLuca was married to Elisabeth DeLuca, and they had two children. Despite his success, DeLuca remained grounded and was known for his humility and dedication to his work. He was actively involved in various philanthropic efforts, particularly in education and health-related causes.

Illness and death

In 2013, DeLuca was diagnosed with leukemia. Despite his illness, he continued to be involved in the operations of Subway until his death on September 14, 2015, at the age of 67.

Legacy

Fred DeLuca left a lasting impact on the fast-food industry through his innovative approach to franchising and his commitment to quality and customer service. Subway's success is a testament to his vision and entrepreneurial spirit. DeLuca's story is often cited as an example of the "American Dream," illustrating how determination and hard work can lead to success.

Related pages

• Subway (restaurant)
• Peter Buck (businessman)
• Franchising