Fred DeLuca

Fred De Luca 2011-03-09 001

Fred DeLuca (August 3, 1947 – September 14, 2015) was an American businessman and co-founder of the global Subway franchise, one of the world's largest fast food restaurant chains. Born in Brooklyn, New York, DeLuca moved to Bridgeport, Connecticut, where he grew up. His journey into the fast-food industry began at the age of 17 when he borrowed $1,000 from family friend Peter Buck to start "Pete's Super Submarines" in Bridgeport in 1965. The name was later shortened to Subway as the business expanded.

Early Life

Fred DeLuca was born in Brooklyn, New York, and raised in Bridgeport, Connecticut. From a young age, DeLuca showed an interest in entrepreneurship. His foray into the business world began as a teenager when he sought a way to fund his college education.

Career

In 1965, with a loan from Peter Buck, DeLuca opened his first sandwich shop in Bridgeport, Connecticut. This venture was initially an attempt to raise funds for his education. However, it quickly turned into a larger business endeavor as the shop's popularity grew. The success of the first store led to the opening of a second location, and by 1974, DeLuca and Buck began franchising the Subway brand.

Under DeLuca's leadership, Subway expanded rapidly both in the United States and internationally. By the time of his death in 2015, Subway had grown to become one of the largest fast-food chains in the world, with over 44,000 locations in more than 100 countries.

Philanthropy

Fred DeLuca was known for his philanthropic efforts, particularly in the areas of education and health. He established the Fred DeLuca Foundation to support various charitable causes.

Death

Fred DeLuca died on September 14, 2015, after a battle with leukemia. His death marked the end of an era for Subway, but his legacy lives on through the global brand he helped build.

Legacy

DeLuca's impact on the fast-food industry and franchising model is significant. He was instrumental in popularizing the franchise model, where individual franchise owners operate their own locations, contributing to Subway's global expansion. His vision and entrepreneurial spirit have been an inspiration to many in the business world.