Sandwich chain magnate helps launch area business law institute

NAPLES — Ave Maria School of Law in Naples has launched the Ave Maria Institute for Business Law, following a substantial gift from Peter and Tatiana Cancro, long-time Ave Law supporters.

Peter Cancro is the founder and CEO of the Jersey Mike’s sandwich chain. Cancro was the commencement speaker at the Naples-based law school’s commencement ceremony held May 15, where establishment of the institute was announced, according to a statement. The value of the gift to launch the institute wasn’t disclosed, but school officials say it’s the largest single gift in the school’s history, outside of previous gifts from the school’s founder and board chairman, Domino’s Pizza founder Tom Monaghan.