Subway and Everstone – A New Partnership

Subway has inked one of its largest master franchise agreements with Everstone Group.

Everstone is one of Asia’s leading investment firms, specializing in cross-border investments between North America and Asia as well as local investments in India and Southeast Asia. The firm’s holdings include private equity, real estate, credit, green infrastructure, and venture capital, totaling more than $6 billion.

Subway franchisees – a network of more than 20,000 passionate entrepreneurs and small business owners – own and run Subway shops. In approximately 40,000 locations across the world, Subway sells made-to-order sandwiches, wraps, salads, and bowls.

Subway has inked one of its largest master franchise agreements with Everstone Group, a renowned private investment group focused on South Asia, to strengthen its footprint in India, Sri Lanka, and Bangladesh. As part of the agreement, Everstone, which has experience establishing and building brands in India and South Asia, will assist Subway with tripling the number of restaurants from the current approximately 700 in about ten years.

The company’s new modern and attractive fresh forward design, as well as updates to existing sites, will satisfy the demands of today’s customers with comfortable guest indoor eating areas, many delivery and order ahead choices, and a strong digital-first approach.

Subway’s multi-year transformation mission to better the brand as the company increases its footprint throughout the world continues with this new deal with Everstone. Subway wants to quadruple its number of outlets in Europe, the Middle East, and Africa in the next years and is searching for new collaborations in the area. The financial terms of the partnership are not yet disclosed.

John Chidsey, CEO, Subway, said, “Today’s announcement represents a significant step in Subway’s transformation journey and global expansion plans. Everstone, with extensive knowledge and proven restaurant operational expertise in the region, is the ideal partner as we begin this new chapter for Subway in India and South Asia.”