Being Fat Tuesday, I thought a food blog would be fitting. For years, McDonalds has been the world’s largest restaurant chain. Hey, with “billions and billions served,” it just made sense. To quote [lastfm link_type=”artist_info”]Bob Dylan[/lastfm], “The times…they are a changin.” There’s a NEW world leader! Consult with your taste buds…
(Courtesy of Julie Jargon – Wall Street Journal)
It’s official: the Subway sandwich chain has surpassed McDonald’s Corp. as the world’s largest restaurant chain, in terms of units.
At the end of last year, Subway had 33,749 restaurants worldwide, compared to McDonald’s 32,737. The burger giant disclosed its year-end store count in a Securities and Exchange Commission filing late last month.
The race for global dominance is an important one for an industry that’s mostly saturated in the U.S. High unemployment and economic uncertainty have battered the restaurant industry in the U.S., and chains are increasingly looking overseas for growth, particularly in Asia.
Subway, which surpassed the number of McDonald’s in the U.S. about nine years ago, expects China to eventually become one of its largest markets. The sandwich shop only has 199 restaurants in China now, but expects to have more than 500 by 2015.