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.
She is the most famous plus-size model, but after a man called her a fat cow, she posed in a bikini and got revenge in a horrifying way
Iskra Lawrence, often the object of envy for many, faced a moment of criticism when an Instagram user attempted to diminish her beauty by attributing it to the perceived obesity epidemic.
In a harshly worded comment, the user suggested that Lawrence’s attractiveness was merely a consequence of societal norms influenced by the prevalence of overweight individuals. They admonished against consuming fast food, attributing the alleged decline of the healthcare system to people like Lawrence indulging in chips.
Rather than succumb to shame, Lawrence chose to reclaim her narrative in a bold manner.
Her response? She defiantly shared a photo of herself donning a swimsuit, surrounded by a plethora of chip bags, insinuating that these were the snacks she supposedly consumed regularly.
In doing so, Lawrence not only defied the attempt to belittle her but also flipped the narrative, embracing her body while challenging societal beauty standards and prejudices.
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