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.
Do You Recognize this Vintage Kitchen Tool?
The advancement of culinary arts has made a number of incredibly useful kitchen tools and gadgets available to the general public. On the other hand, antique kitchenware has a very endearing and reassuring quality. Some, like the retro meatball maker, may not even be recognizable after undergoing numerous design changes.
Though frequently linked to Italian cooking, it’s thought that Rome is where the first meatballs were created. Long ago, in addition to the more well-known Sweden, there were also versions in ancient China, Turkey, and Persia.
Some had different proportions of meat and rice or meat and lentils, while others had different ingredients. Meatballs can be a meal on their own or added to pasta dishes, soups, salads, and sandwiches.
Meatballs are a very simple and versatile staple dish. As a result, it is easy to understand why they have a prominent place in cuisine around the globe. It is challenging to precisely and consistently size and shape them by hand each time. Therefore, the meatball maker is a handy kitchen appliance that has long been in demand.
First off, a meatball maker is a useful tool for consistency, as was already mentioned. not only guarantees even cooking but also enhances the dish’s overall appearance. Secondly, kids will love using the meatball maker, especially the classic style. Finally, families can be surprisingly adaptable, giving them an additional reason to spend more time together.
Although the meatball maker’s primary function was to shape meatballs, it can also be used to create flawless falafel or hush puppies. In the meantime, the more contemporary designs of today make it possible to do things like make the ideal cake pop or cookie dough scoop.
You can find antique or vintage meatball makers at thrift stores and antique stores. As an alternative, you can find a variety of contemporary meatball makers online or in kitchen supply stores. Certain pieces bear a striking resemblance to those timeless and endearing vintage pieces, even though their shapes and functions differ greatly.
Modern Meatball Maker Designs
The meatball master, for instance, is a meatball shaper that can hold 32 identically sized and perfectly formed meatballs at once. The meatballs can be kept on this plastic tray until you’re ready to cook them. However, as one person astutely pointed out, “the amount of time it takes makes it easier to do by hand,” so their kids use it for play-dough.
This meatball maker is a well-liked kitchen appliance for people who have big families or frequently host guests.Similarly, the ‘Mind Reader Magic Meatball Maker‘ makes 16 perfectly round meatballs and stores them in a plastic container until it’s time to cook the perfect, mouthwatering bite size meatball, cake pop, or dumpling.
Resembling Vintage Designs
The typical “Meat Baller” is another well-liked meatball maker. There are finger slots that have an old-fashioned look or resemble scissors. It is actually comparable to the previous version in nearly every aspect. Today’s model, on the other hand, has polished stainless steel that is “non-stick,” non-slip padded handles, and produces a flawlessly presented ball of food.
The Spring Chef Cookie Scoop is an additional choice with a somewhat different design; while it’s not intended to be a meatball maker, it can still be used for that purpose and has a cute appearance. It can be squeezed together to resemble a pair of locked pliers and has a silicone-padded handle.
In contrast, the LEEFONE Meatball scoop lacks padded handles, making it closely resemble the vintage model. On the other hand, it is composed of polished stainless steel noonstick.
A useful and adaptable kitchen tool, meatball makers are used to make the ideal meatballs, which are a staple of many ancient recipes. The meatballs are surprisingly versatile, making them an excellent bite-sized appetizer for dinner parties or a great complement to a variety of dishes, such as pasta and soups. Both the chef and the diner will undoubtedly have a better experience with the meatball maker.
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