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.
“No wonder Ronaldo fell in love with her!” New photos of Georgina Rodriguez are heating up emotions on social media
Cristiano Ronaldo is undoubtedly one of the wealthiest, most successful and most iconic football players in the world. In addition to his impressive sports career, he also enjoys a fulfilling family life with an enchanting partner and lovely children.
For those who don’t know, the couple first met in a store where she was working as a saleswoman.
Their love sparked immediately, and the connection between them was palpable from the start. Despite giving birth to several children, Rodriguez has maintained her impressive figure. It’s hard to believe that after five births you can still look so stunning. You could say she perfectly represents the image of a billionaire’s stylish partner.
“No wonder he adores her,” “It seems like she’s constantly coming out of a beauty salon,” “Who knew she gave birth to five children?”, “Flawless from head to toe,” “That is the picture of a happy woman”.
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