368 view s
Stock photo. /Unsplash

Subway inks biggest master franchise deal

This is the largest master franchise agreement in the brand’s history.

Subway has entered into a new master franchise agreement with Shanghai Fu-Rui-Shi Corporate Development Co., Ltd. (FRS), to expand its presence in Mainland China. 

The agreement — funded by a consortium of private investors, including Asia Investment Capital (AIC) — is the largest master franchise agreement in Subway history.

Under the new partnership, FRS will open nearly 4,000 restaurants in Mainland China over the next 20 years, growing Subway's current footprint in the market by more than seven times. The group will also acquire the exclusive rights to manage and develop all Subway locations in Mainland China.

FRS is a consortium of investors and brings decades of experience managing large global QSR chains across Asia. In addition, the group will appoint a chief executive officer with significant QSR experience in the Chinese market.

As part of the brand's multi-year transformation journey and focus on international expansion, the agreement marks Subway's 13th master franchise and development agreement in the past two years, resulting in more than 9,000 future restaurant commitments around the world.

Subway said it pans to double its current network of restaurants in Asia Pacific from 3,500 to more than 6,000 restaurants over the next five years.

Join QSR Media Australia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!