Subway is planning to add thousands of new sandwich shops in China, increasing its footprint in the country by more than seven times. . The deal “is the largest master franchise agreement in Subway history and one of the largest across the entire [fast-food restaurant] industry,” Subway said in a statement. The large-scale expansion will be made possible by a deal Subway has inked with a Chinese company, Shanghai Fu-Rui-Shi Corporate Development .
” The deal is part of broader efforts by Subway to strike new partnerships both at home in the United States and abroad, particularly in the Asia Pacific region. Subway has outlined plans to double “its current network of restaurants in the region, from approximately 3,500 restaurants to more than 6,000 restaurants over the next five years,” it added. The company currently has nearly 37,000 restaurants in more than 100 markets around the world.