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.
Celine Dion Reveals Her Problem
In addition to giving her fans a major health update, Celine Dion announced that she would be delaying some of her tour dates until 2024.
A Message from Celine to You
“I’ve been dealing with health issues for quite some time, and it has been an immense challenge for me to confront these obstacles and discuss the journey I’ve been on,” Celine wrote in a poignant post on Instagram. She stated quite frankly that she will not be prepared to continue her European tour in February as originally scheduled.
A More Detailed Exam of Celine’s Health
Celine went on to describe her health in more detail, revealing that stiff person syndrome is a neurological ailment for which she has been diagnosed. Her illness is resulting in severe and incapacitating muscular spasms. It seems sense that Celine is giving her recuperation and wellbeing top priority by taking the required time.
Postponed Tour Dates
Fans may be disappointed by the announcement of the rearranged tour dates, but it’s evident that Celine’s health continues to come first. She is determined to make sure she fully recovers before going back on stage, as seen by her choice to postpone the European tour until 2024.
An Endearing Expression of Thanks
Celine thanked her fans for their steadfast support despite the difficulties she is now enduring. “I’m incredibly thankful for your love and understanding as I navigate through this difficult time,” she said in acknowledgment. This message demonstrates the close bond she has with her fan base.
Gazing Forward
Fans of Celine are supporting her with love and encouragement while she takes the time necessary to attend to her health issues. Fans are excitedly awaiting Celine’s victorious return to the stage since it is clear that her tenacity and willpower are just as amazing as her musical ability.
Assistance and Motivation
Fans and fellow artists have shown their support for Celine following her health update. The music business and her fans are aware of how important it is to put one’s health and wellbeing first.
Adaptability in the Face of Difficulties
Celine Dion’s experience with health issues serves as a reminder of her tenacity, which is what makes her unique. Even for a megastar of her caliber, her choice to postpone tour dates is a heartbreaking reminder of how important it is to take care of oneself.
Continue to Communicate
Fans may follow Celine on official platforms and social media as she sets out on her recuperation trip. Her perseverance and courage will surely inspire a great number of people who could also be dealing with health issues.
Wishing You Healing
Let’s band together to send Celine Dion our best wishes for recovery as she navigates the challenges presented by stiff person syndrome. Her experience serves as a reminder to all of us of the value of perseverance and self-care, and her bravery and candor continue to touch hearts around the globe.
A Consistent Signal of Assistance
To spread the love and support for Celine Dion, forward this update to your other friends and supporters. She continues to be a source of inspiration and strength for all of us as she makes these vital moves toward her recovery.
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