Subway has inked a master franchise agreement, its 15th over the past two years, to add more than 4,000 restaurants across Europe, Middle East and Africa, Asia Pacific and Latin America and the Caribbean within the next 20 years, according to a press release.
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.
In Bahrain, an agreement was signed with Food Innovation Company to help reconnect Bahraini guests reconnect to the brand and introduce new ones to Subway.
In Georgia, an agreement was signed with Wissol Group.
Mainland China marks Subway’s largest master franchise agreement to date. The consortium of investors, joining the Subway family as Shanghai Fu-Rui-Shi Corporate Development Co. Ltd., bring decades of experience managing large global QSR chains across Asia and will grow Subway’s current footprint in the market by more than seven times.
In Latin America and the Caribbean, Subway has partnered with Grupo Vierci to grow the brand is Costa Rica and Panama.
Subway has opened more than 1,000 restaurants globally with more than 40% driven by master franchise agreements. The brand operates nearly 37,000 restaurants across more than 100 countries.