Watami takes over Subway Japan

The company will be promoting its recycling-based sixth-industry model. 

Watami Corporation Limited has acquired an interest in Japan Subway LLC, making the latter its wholly owned subsidiary. The parties also signed a master franchise agreement to develop Subway in the said country.

Watami said this move will strengthen its development as a comprehensive food company. It also expects to expand its business through product development using Watami Farm's organic vegetables, strengthening its franchise development know-how, and promoting global expansion. 

Moreover, the company will be promoting the Watami Model—a recycling-based sixth-industry model that uses renewable energy to achieve its sustainable development goals (SDGs). 

This includes container collection and recycling, the promotion of organic farming, renewables, and the formulation of a human rights policy and due diligence.