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.
Search Results for: Uncommon images of Princess Diana
Known as the People’s Princess because of her nurturing and compassionate nature, as well as love for the ordinary citizens, Lady Di will forever be remembered as the woman who changed Britain and the Monarchy.
This incredible Princess rose to prominence upon her engagement to Prince Charles, Queen Elizabeth II’s eldest son and heir apparent to the British throne. Ever since the world learned of her, she was under the spotlight. The paparazzi followed her every move, and according to many, pushed her to her death.
The following photos show a different side of Diana and remind us once again why we all loved her so much.
A ski trip with her sons, Prince William and Prince Harry.
Unlike the rest of the engagement rings of the British royals, which are custom made, Diana’s 12-carat sapphire ring surrounded by 14 solitaire diamonds set in white gold was ordered from a Garrard jewelry collection catalog. Upon her passing, the ring went to Kate Middleton after William proposed to her with it.
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