The brand is set to further captivate the Capital City Region, with plans to inaugurate additional stores in strategic locations, including Pacific Mall, Jasola, Pacific Mall Faridabad, and DLF Epitome, Gurgaon, all while championing sustainability with a zero-emission delivery fleet.
Shepherd will report directly to Chief Executive Officer (CEO) John Chidsey and oversee Subway's global finance organization, responsible for managing and optimizing the brand's global financial performance and information security.
J.P. Morgan is serving as financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to Subway. Timing is subject to regulatory approvals and customary closing conditions.
So far, the brand has hired more than 500 young people over the last year, partnering with several reputed not-for-profit organizations such as Magic Bus, Tech Mahindra foundation, Quess Corp Foundation, and Tarraqi, amongst others.
Currently, Wendy’s is present in 19 cities across India with approximately 90 locations, which includes three traditional Wendy’s restaurants in India which Rebel Foods is operating.
In addition, the company has ambitious plans for further expansion, with 35 outlets planned in Maharashtra, 8 in Madhya Pradesh, 16 in Bihar and 43 outlets in the northeast.