Subway Restaurant’s Struggles Compounded by the “Jared Issue”

1526154495_ccbbb01d58_zInvestigation into former Subway spokesperson Jared Fogle couldn’t have come at a worse time for the restaurant.

The country’s largest fast-food chain, which has more locations than McDonald’s, was already dealing with a number of challenging issues, from declining sales to the illness of co-founder Fred DeLuca. The closely held company is owned by Doctor’s Associates, which was founded by DeLuca and Peter Buck a half- century ago.

Much of the company’s success came from a strategy of aggressive expansion, while also promoting healthy eating, as exemplified by Fogle, who shed 245 pounds, thanks to his diet of two Subway sandwiches per day and exercising.

Find out more at CBS Money Watch.

Photo courtesy of: Dennis S Hurd