The SUBWAY® chain was co-founded in 1965 by Fred DeLuca and Dr. Peter Buck, opening the first store in Bridgeport, Connecticut. The first franchise opened in 1974 in Wallingford, Connecticut. There are now over 25,000 SUBWAY® franchises across more than 80 countries worldwide. The chain's headquarters are located in Milford, Connecticut where over 600 people are employed. The SUBWAY® chain remains a privately held company.