The agreement will help the much-loved sandwich brand expand rapidly across India, Bangladesh and Srilanka.
The move will see Subway open over 2,000 new outlets in 10 years across the three markets. Prior to this agreement, Subway didn’t have a master franchise agreement in the domestic market and was operating 700 stores in India under SSIPL (Subway Systems India Private Limited).
Under this new deal, Everstone will be responsible for the operations, marketing and development of the Subway brand in India.
John Chidsey, CEO, Subway, commented: “Today’s announcement represents a significant step in Subway’s transformation journey and global expansion plans. Everstone, with extensive knowledge and proven restaurant operational expertise in the region, is the ideal partner as we begin this new chapter for Subway in India and South Asia.”
