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.
Head Scratching: People Confused By These 10+ Odd Things They Found on the Internet.
Numerous individuals have stumbled upon enigmatic objects or phenomena, only to find solace in the vast realm of the internet, where inquisitive minds and experts converge to unravel these mysteries. In the following piece, we’ll present 11 extraordinary encounters people have had and unveil the insightful solutions offered by the online community as to what these odd things may be.
What is this little ramp thingy on the bottom of a lotion bottle?” nohurrie32 replied: “It’s for the manufacturing of the product so that it can be turned while standing up.”
An odd little desk?
“What is this thing? The inside opens up to empty space, it’s disconnected from the desk below.”
Reddit user crunchsmash said: “It’s a bed/lap desk. There’s supposed to be a metal bar underneath that slots into the wooden tray, so you can prop it up at different angles for reading and stuff”
A strange wall decoration
Image Credit: @Annabel_Lector / Reddit“Found in a house we just bought. Made of metal and screwed into the wall, has a hole in the middle. Located in bathroom by shower.”
Luckily, Reddit user Happy_Cranker had the answer: “This is either a soap dish holder or toothbrush holder, but it’s missing the middle part that held the ring. Does that make any sense in the context of where it is located in the bathroom? Could have been a holder for a hand towel as well. I remember seeing these in houses from the 60’s and 70’s.”
Odd things in doors
Image Credit: © JstTrstMe / Reddit“It’s called a ’speakeasy’ and it’s for talking to someone without having to open the door.” 3rdCoastTxn from Reddit replied to the question: “What is the purpose of this little door in the door?”
“My girlfriend brought it when we moved in. What is this?” It definitely tops the list of odd things we’ve seen.
Image Credit: © StevieNichole / Reddit“
It’s an abs exerciser.” – jackrats / Reddit
“Found in house during a remodel. It’s six inches long with a stone on the end. Google image search says it’s a pin but the end is dull. Any ideas?”
Image Credit: ThePoneLady / Reddit“
Looks like a pipe poker tool for a pipe bowl.” – KevOSinKS / Reddit
But…why?
Image Credit: © one__*ent / Reddit“
My clothes pegs are all individually numbered. Why is that?” Reddit user 3-cent-nickel knew why: “Different molds have different numbers so if they start coming out of the machine messed up, they can identify which mold needs replacing.“
Leave a Reply