Subway CEO defends franchise owners who applied for coronavirus small business loans
Subway CEO John Chidsey on Wednesday defended the company’s franchisees who applied for small business loans to help offset the economic impacts from the coronavirus pandemic.
“We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece,” Chidsey said on CNBC’s “Squawk on the Street.”
“We are the ultimate mom-and-pop, if you will, and totally woven into…
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