Subway set to create 5000 new jobs across the United Kingdom and Ireland
04 July, 2017, 16:25 | Author: Brenda Erickson
Subway is set to take over Greggs plc (LON:GRG) with its plans to expand its fast-food chain in the United Kingdom and Ireland by opening 500 new franchises by 2020.
This follows the announcement of the 100 store opening in Northern Ireland this month.
Subway stores are owned and operated by a network of franchisees, and three in five are located on United Kingdom high streets.
But Subway's United Kingdom director Peter Dowding said it was looking beyond its traditional fast food rivals.
All of Subway's stores are independently owned and operated as franchises of the United States brand, with three-fifths of its United Kingdom and Irish outlets located on traditional high streets.
"We set some very ambitious targets in 2012, where we said we would get 3,000 stores by 2020 and we are well on our way to achieving that. It strengthens our position in the market as being the leading quick service chain in the United Kingdom".
Subway was founded in 1965 in the U.S. and now operates 44,000 stores, all of which are independently owned and operated as franchises of the USA, across 112 countries.
In a bid to appeal to the growing market and consumer appetite for healthy eating, the chain is also planning to add more salads to the mix.
But Dowding said it faces competition from other food chains.
The fast-food giant overtook McDonald's as the world's largest restaurant chain more than six years ago, and will double closest United Kingdom rival Greggs after the expansion.
"It's everyone. It's a very competitive world out there", he said.
"It's business as usual".
In particular it is looking at new options for evenings and for breakfast, where it offers a number of traditional "sub" options but wants to broaden its range. "We cater for choice driven by consumer demand".
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