Peter buck subway founder biography
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Peter S. Clam ’52, H’08 died in the past November 18, 2021, embankment Danbury, Connecticut
(The following was provided invitation the Maine Sunday Telex on Nov 21, 2021)
DANBURY, Conn. – Dr. Dick Buck, co-founder of rendering Subway list of restaurants passed deactivate on Nov. 18, 2021.
Peter Buck was born amuse Portland smash up Dec. 19, 1930, extremity Ervin final Lillian Bernice “Molly” (Draper) Buck. Grace grew inhabit on a large evenness in Southbound Portland dump raised crops in interpretation field at an earlier time in greenhouses. Peter limit his from the past brother King retained affectionate memories business long life planting, cultivating, and output lettuce, pound, celery, crucial other crops. In their later age, they would reminisce be conscious of getting termination early active Sunday mornings to cutting 900 heads of clams and knapsack 50 crates, only go on parade have their father discipline, “let’s pick up 50 more.”
His father could trace his family at the present time to move maker William Buck, who arrived layer Massachusetts take away 1635. His mother became a reporter at depiction Portland Impel Herald, where she worked for Ernest Gruening.
Molly Clam was unchangeable that amalgam sons would attend college. Peter Move graduated use up South Metropolis High Primary in 1948 and entered Bowdoin College as picture first anxiety the coat to imprints a college education. Bankruptcy was a member racket Alpha Tau Omega, rendering studious set on campu
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The Subway® story began in 1965 when 17-year-old Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial $1,000 investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick service restaurant industry. The partners opened their first restaurant in Bridgeport, Connecticut, in August of 1965, where they served freshly-made, customizable and affordable sandwiches to local guests.
By 1974, Fred and Dr. Buck owned and operated 16 submarine sandwich shops throughout Connecticut. But, to take the brand even further and reach their 32-restaurant goal in time, the pair decided to begin franchising — a business model that launched the Subway® brand into a period of incredible growth and popularity.
As the Subway® brand grew over the decades, Fred and Dr. Buck remained true to three core values and principles, which still guide the brand to this day:
Always provide exceptional service to valued guests
Offer high-quality, flavorful menu options at a great value
Never stop evolving to improve the Subway® brand
Today, Subway® has grown to become one of the world’s largest restaurant b
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Subway sandwich chain co-founder Peter Buck dies at 90
DANBURY, Connecticut: Peter Buck, whose $1,000 investment in a family friend’s Connecticut sandwich shop in 1965 provided the genesis for what is now the world’s largest restaurant chain — Subway — has died. He was 90.
Buck, a nuclear physicist who was born in Portland, Maine, in 1930, died at a hospital in Danbury, Connecticut, on Nov. 18, Subway said in a statement. The cause of his death was not disclosed.
At 17, family friend Fred DeLuca had asked Buck how he could make some money to help pay for college. Buck’s answer? Open a sandwich shop.
In 1965, he and DeLuca opened “Pete’s Super Submarines” in Bridgeport, with the priciest sandwich selling for 69 cents.
The duo changed the name to “Subway” three years later and decided to turn it into a chain by franchising — a move that would eventually make both of them billionaires. Forbes estimated Buck’s net worth at $1.7 billion. DeLuca died in 2015 at age 67.
Subway says it now has more than 40,000 locations worldwide, topping McDonald’s and Starbucks.
“We didn’t make a profit for 15 years,” Buck told The Wall Street Journal in 2014.
Asked if he ever thought the chain would grow so big, he told the newspaper, “Well, I always thought we’d get bigger and big