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.
Can You Spot the Mistake in This Puzzle?
Over the years, many people have made solving puzzles their favorite leisure time. They range in difficulty from ones that appear to take an eternity to ones that can be finished in a matter of seconds. The mystery and attractiveness of certain puzzles are increased by their unsolved nature
Views on puzzles are divided; some people adore them, while others don’t. Regardless of your enjoyment level, solving puzzles is an excellent mental workout. They inspire us to think creatively and unconventionally in order to solve issues.
A certain conundrum that has been circulating on the internet lately has many people perplexed. It doesn’t even appear to be a puzzle at first glance. The image consists only of the digits 1 through 15 arranged side by side, along with a statement requesting that viewers repost the image if they discover any errors.
At first glance, everything appears to be in order. There are no errors in the sequence of numbers one through fifteen; they are all present and accounted for. You could go over the figures a few times to make sure there are no discrepancies, but everything seems to be in order.
You might think beyond the box as a result of this. Is the missing zero the cause of the error? Or should the number sixteen be a part of the puzzle? Perhaps there’s a problem with the spacing? It’s flawless when you inspect the spacing. Is it possible that a 1 is misinterpreted for an I? No, they’re all unmistakably 1. Is the six not quite right? No, it’s also flawless. Where is the mistake, then?
You may eventually notice that they’re asking you to locate the “mitsake” rather than the error and turn your attention from the numbers to the instructions. That’s correct: the term
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