McDonald's is no longer the world's largest restaurant chain....
That honor now goes to Subway. The sandwich giant just passed the golden arches in terms of number of locations, according to theWall Street Journal. Subway had 33,749 restaurants open worldwide at the end of 2010.
McDonald's had just 32,737 locations open by the same point, the corporation disclosed in SEC filings.
According to the WSJ, the chain just opened its 1000th location in Asia, and sees international growth as the future.
The $5 dollar footlong did a lot to fuel Subway's recent growth, according to Bloomberg, and spending a large amount on advertising while rapidly opening shops using a franchise model similar to McDonald's has allowed them to grow quickly.
But don't be surprised if McDonald's comes battling back. The fast-food giant also has a keen eye for international growth, and expansion in Asia, including India.
Source: Huffingtonpost
McDonald's had just 32,737 locations open by the same point, the corporation disclosed in SEC filings.
According to the WSJ, the chain just opened its 1000th location in Asia, and sees international growth as the future.
The $5 dollar footlong did a lot to fuel Subway's recent growth, according to Bloomberg, and spending a large amount on advertising while rapidly opening shops using a franchise model similar to McDonald's has allowed them to grow quickly.
But don't be surprised if McDonald's comes battling back. The fast-food giant also has a keen eye for international growth, and expansion in Asia, including India.
Source: Huffingtonpost
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