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.
“New Shock For Fans”: Goldie Hawn Becomes Totally Unrecognizable!
The latest snapshots of Goldie Hawn, now 78, have caused quite a stir among the public! These fresh glimpses capture the renowned actress in her current state, as photographers seize the moment. Goldie’s romance with Kurt Russell traces back to their initial encounter on a film set in 1966.
An intriguing tidbit: Goldie and Kurt tied the knot after meeting again, and their union endured for two decades! Even after 40 years together, their bond remains strong, inviting endless curiosity about their lives and appearances.
Recently, paparazzi spotted the couple taking a leisurely stroll, prompting fans to gush over their serene companionship. Comments poured in praising their harmonious dynamic, with admirers expressing sentiments like “What a tranquil duo! They’re simply marvelous!” and “Their genuine devotion is palpable, I can’t tear my eyes away!”
Yet, some observers couldn’t help but notice the effects of time on Goldie’s visage. Remarks such as “I could barely recognize my favorite actress!” and “Age seems to have caught up with her” surfaced alongside the adoration.
Despite the inevitable changes, Goldie and Kurt continue to hold a special place in the hearts of many, revered as one of Hollywood’s most enduring and deserving couples. Their love story evokes admiration from fans who dub it “a testament to everlasting love”.
What are your thoughts on the matter?
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