08 Mar '11, 7am

Subways outnumber McDonald's worldwide - Yahoo! Singapore Finance

Companies: McDonald's Corporation Common S Related Quotes Symbol Price Change MCD 76.29 0.00 {"s" : "mcd","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} The Associated Press , On Tuesday 8 March 2011, 9:45 SGT Subway now has more restaurants worldwide than McDonald's. The sandwich chain surpassed the world's largest hamburger chain in terms of number of stores in the U.S. in 2002 and now it has taken the global lead. Subway had 33,749 restaurants worldwide at the end of last year, according to the company. McDonald's Corp. had 32,737, according a regulatory filing. "We've been on a great run," said Tony Pace, chief marketing officer of Subway's Franchisee Advertising Fund Trust, the franchisees organization under the company's umbrella. Subway is entirely franchisee-owned. That has been part of its success, Pace said. Its smaller-format stores cost ...

Full article: http://sg.finance.yahoo.com/news/Subways-outnumber-McDona...

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