Sandwich chain Subway has overtaken McDonald's as the world's largest restaurant chain.
On 1 January, the US-based company had 33,749 sites around the world, compared with 32,737 for McDonald's.
Subway put its success down to its private ownership - the group, which was founded in 1965, is not listed on the stock exchange.
It recently made a major push into international markets with its franchise model, which focuses on small, low-cost outlets, and has restaurants in 95 countries.
In comparison, McDonald's has restaurants in 117 countries across the globe, with more than 75% of its outlets being franchises.
By Kerstin Kühn
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