Subway: Co-Founder of Sandwich Chain Fred DeLuca Dead at 67

Subway says its co-founder, Fred DeLuca, died on Monday evening after being diagnosed with leukemia two years ago, He was 67.

DeLuca's death came weeks after the company celebrated its 50th anniversary.

DeLuca decided to open a sandwich shop at the age of 17 after graduating high school to help pay for college. The idea came from a family friend, Dr. Peter Buck, who was his co-founder.

DeLuca had been working for minimum wage at a hardware store and decided to go to Dr. Buck about his plan to college, then medical school. He thought Buck would give him money. Instead, the doctor provided the $1,000 to start the business and created the agreement with a handshake.

The first store opened in Bridgeport and the company expanded from there to 44,268 restaurants in 110 countries. 

Subway, which is based in Milford, Connecticut, said in July 2013 that DeLuca was diagnosed with leukemia. DeLuca was in regular contact with his management team, but on a reduced basis as he received treatment, according to the company.

DeLuca is survived by his wife, sister and son, according to Subway.

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Copyright AP - Associated Press
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