Fred DeLuca

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Fred DeLuca (born 1948 in New York City ) is the billionaire co-founder of the Subway franchise of sandwich restaurants. DeLuca is an alumnus of University of Bridgeport and Central High School in Bridgeport, CT .

At the age of 10 Fred moved to Amsterdam, New York where he and his family became friends with Peter Buck. When DeLuca was seventeen years old, he borrowed $1,000 from Buck to start his first sandwich shop in 1965, after Buck suggested the idea to DeLuca at Buck's Armonk, New York home.” On the radio advertisement they had promoted the name as "Pete's Submarines", which sounded like Pizza Marine, so they changed the name to "Pete's Subway", eventually it was shortened to "Subway", as it is known today.

The first shop opened on...
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