According to a company statement, Subway's last surviving co-founder Peter Buck passed away on Thursday.
John Chidsey, Subway's CEO, said in a statement that they were sad about the passing of one of their founding fathers. He was an important member of the Subway family and a shining example of a dedicated, hands-on leader.
Buck was 90 years old. His cause of death has not been determined.
A family friend of the nuclear physicist gave him $1,000 to start a submarine sandwich shop.
According to Forbes, Buck gave DeLuca the idea at a family picnic. Buck said that Fred asked him what he could do to make money so he could go to college. Let's open a submarine sandwich store.
Pete's Super Submarines was originally called "Pete's Super Submarines" after its sole investor.
After opening 16 more sandwich shops in the Connecticut area, they decided to start franchising them, according to a post on Subway's website.
According to its website, Subway is the world's largest submarine sandwich chain with 44,000 locations.
According to CNN, Subway's sales have declined in recent years, and are down nearly $4 billion from the record $12.3 billion sales it reported in 2013).
Buck was the last surviving co-founder after DeLuca died.
According to Forbes and The Land Report, Buck was the seventh largest land owner in the US with a net worth of $1.7 billion.
