It was a predictably eventful evening in LA this past Sunday at the 96th Academy Awards, hosted at the Dolby Theater.
Among the stand-out moments were John Cena’s naked walk across the stage to present the award for Best Costume Design and Al Pacino’s decision to skip over the nominations for Best Film altogether, instead going straight to announcing the winner.
There were also plenty of talking points to be gleaned from the red carpet, not least relating to the plethora of eye-catching outfits on show. As per reports, actress Kelly Ripa and husband Mark Consuelos were among those to steal the show, with the former causing a particular stir on social media.
Celebrities dominating headlines for their choice of garment for any particular awards ceremony is nothing new.
Yet in the age of social media, where live photos from the red carpet can be shared around the world at the click of a button, it’s become arguably more popular than ever to discuss and debate outfits in real time.
As such, it’s only natural to expect that an event of the magnitude of the Oscars, and those fortunate enough to be in attendance, is always going to be heavily scrutinized.
Subway makes Big Announcement about its future, after 58 years they are…
Subway announced that it is selling itseIf to Roark Capital, a private equity firm whose two holding companies already own an impressive collection of fast-food chains. Roark-owned brands include Dunkin’, Carvel, Jimmy John’s, Arby’s, Cinnabon, and Buffalo Wild Wings–and that’s just a partiaI list.
Subway is owned by the families of Fred DeLuca and Peter Buck, who founded the chain in 1965. At the time, Buck was 34. DeLuca was 17 and trying to raise money for college. Buck Ient him $1,000 and suggested they start a sandwich shop.
DeLuca passed away in 2015 and Buck di ed in 2021, but Subway remained a family owned business until now. It must have been a wrenching decision to give up ownership of the chain. But however they may feel about it, the families seem to have negotiated the best possibIe deal for the chain. Every business owner looking to sell can learn from their approach.
Our story begins back in February, when the families hired JPMorgan Chase as an adviser to explore a sale. At the time, the families reportedIy wanted $10 billion for one of the world’s two largest fast-food chains.
But it’s been a bad year for acquisitions so far, and some observers noted that the chain has been losing ground to newer rivaIs such as Firehouse Subs in recent years. With its shares of U.S. sandwich sales down from 34 percent in 2017 to 23 percent today, some questioned whether Subway was really worth $10 billion.
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