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.
Hollywood Legend Dustin Hoffman’s Private Fight Against Cancer Revealed
Dustin Hoffman, who famously dressed in drag for *Tootsie* 30 years ago, used his acting skills to keep a serious secret: a battle with cancer that almost took his life.
In 2013, the *Rain Man* actor, then 75, revealed that he had quietly undergone treatment for throat cancer, which was “surgically cured.” After that, he never spoke about it publicly again. Here’s more about the Oscar-winning actor’s journey with cancer.
In 1967, at 30 years old, Dustin Hoffman had his breakthrough role in the romantic comedy *The Graduate*, which earned him his first Oscar nomination.
Over the years, Hoffman starred in iconic films like *All the President’s Men* (1976) and *Kramer vs. Kramer* (1979), which won him an Academy Award for Best Actor.
In 1983, Hoffman played a washed-up actor who dresses as a woman to get a role on a soap opera in the movie *Tootsie*, showcasing his incredible versatility.
\In the hit film *Tootsie*, Dustin Hoffman’s character was called a “nottie” instead of a “hottie,” which brought him to tears, he shared.
“If I were going to be a woman, I’d want to be as beautiful as possible. But they told me, ‘That’s as good as it gets,’” Hoffman recalled in an interview.
When he realized he wasn’t considered attractive as a woman, the now 86-year-old actor had a life-changing realization about how society views women.
“I went home and started crying,” Hoffman says. “I thought, ‘I’m an interesting woman,’ but I knew if I met that version of myself at a party, I wouldn’t talk to her because she didn’t meet the physical standards we’re taught women need to have for us to approach them.”
Even though *Tootsie* was the second-highest-grossing film of the year—just behind *E.T. The Extraterrestrial*—Dustin Hoffman didn’t find it funny.
“That was never a comedy for me,” he added.
Despite his feelings about the film, Hoffman became one of the most sought-after actors in Hollywood.
He earned his second Oscar for the 1988 film *Rain Man* and went on to win six Golden Globes and one Primetime Emmy.
In 2013, Hoffman, who had always been very active in his career, suddenly went quiet.
It was later revealed that his cancer had been detected early.
Just months after Dustin Hoffman made his directorial debut with the British comedy *Quartet* (2012) and finished filming *Chef* (2014) alongside Jon Favreau and Sofia Vergara, the reason for his absence became clear.
Hoffman’s publicist, Jodi Gottlieb, shared with *People* (through ABC News) that the beloved actor had been privately treated for cancer. She didn’t reveal many details but said, “It was detected early, and he has been surgically cured. Dustin is feeling great and is in good health.”
At 75, Hoffman underwent preventative treatments to reduce the chances of the cancer returning. While Gottlieb didn’t specify the type of cancer, it was widely believed to be throat cancer.
Even after the news, Hoffman’s career didn’t slow down. He lent his voice to Master Shifu in more *Kung Fu Panda* films (2008 to 2024) and acted in several other movies, including *Sam and Kate* in 2022 and the upcoming sci-fi drama *Megalopolis* in 2024. Hoffman, now 86, continues to remind us of his resilience and passion for acting.
In early March 2024, *Hello!* magazine reported that Dustin Hoffman and his wife, Lisa Gottsegen, were seen walking around London, showing some sweet moments of affection.
Hoffman, who married Gottsegen in 1980, added four children to his family, along with two children from his previous marriage to Anne Byrne.
The article noted, “The Hollywood legend looked much younger than his 86 years as he smiled and waved at the cameras. He appeared tanned and relaxed while strolling through the city and visiting shops with his wife of 43 years.”
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