Miami — Subway, one of the world’s largest restaurant brands, is continuing to strategically expand its international footprint and recently celebrated the signing of its 15th new master franchise agreement over the past 2 years.
The brand’s latest agreements in Bahrain, Georgia, Mainland China, Uruguay, Costa Rica and Panama will add more than 4,000 future restaurants across Europe, Middle East and Africa (EMEA), Asia Pacific (APAC), and Latin America and the Caribbean (LAC) within the next 20 years. Since 2021, Subway has signed 15 master franchise agreements or country development agreements across EMEA, LAC and Asia Pacific, totaling more than 9,000 future restaurant commitments.
The master franchise agreements are a continuation of Subway’s international strategy to partner with experienced, well-resourced operators with specific market expertise as it strengthens its global presence. The master franchisees will have exclusive rights to manage and develop Subway locations in their respective countries and have committed to remodeling existing locations as well as opening new restaurants in the brand’s current, contemporary image.
“There is significant opportunity for Subway to expand its presence around the world and the new master franchise agreements are a reflection of the confidence that operators have in Subway and our transformation journey,” says John Chidsey, CEO of Subway. “As we continue to execute against our international expansion strategy, we are excited to grow the brand with new and existing international multi-unit and multi-brand operators to serve more guests around the world.”
In the past 18 months alone, the brand has opened over 1,000 new restaurants globally, with more than 40% driven by master franchise agreements.
Subway operates nearly 37,000 restaurants every day. Subway restaurants are owned and operated by Subway franchisees.
SOURCE: Subway Restaurants