Subway Restaurants CEO: Confident franchisees will survive coronavirus
Subway Restaurants CEO John Chidsey says 90% of franchisees have applied for small business loans and its economic model is strong enough to survive the coronavirus.
Subway franchisees are roasting the sandwich chain for reportedly making them repay royalty fees that the company deferred at the start of the coronavirus pandemic and resume pre-COVID-19 hours.
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Subway told around 23,000 restaurants to reopen and resume business as usual ––or what it was before the pandemic, operating at 84 hours a week, 12 hours a day, sources told the New York Post.