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.
Handling Health Concerns: The Smith Family’s Path to Well-Being
Several members of the Smith family, including the well-known Will and Jada Pinkett Smith, their children Jaden and Willow, and Jada’s mother Adrienne Banfield-Norris, recently appeared on “Red Table Talk” to talk about some health problems they’ve been experiencing. Their earnest discussion highlights the importance of health and wellbeing, a matter that concerns all of us.
Prioritizing Jaden’s well-being
In the episode, 21-year-old Jaden discussed his severe gastrointestinal issues. Even though he experienced criticism for adopting a vegan diet, he stressed the value of prioritizing his health over all other considerations. Jaden’s bravery in revealing his issues can serve as inspiration for anyone who is hesitant to ask for help because they are worried about what other people will think.
Nutritional Adjustments for Optimal Well-Being
To address Jaden’s health concerns, the family consulted renowned physicians Dr. Mark Hyman and nutritionist Mona Sharma. Dr. Hyman concluded that Jaden’s issues stemmed from consuming the wrong foods. He prescribed specific dietary changes and supplements to address any deficiencies.
When it was discovered that dairy and gluten were aggravating Jaden’s illness, they moved to get them out of his diet. Considering his vegetarian diet, it also became imperative to address his vitamin and omega-3 deficiencies. Jaden felt confident that adhering to these dietary adjustments would significantly improve his health and allow him to continue inspiring others.
An Unsettling Incident and the Need for Modifications
Jaden’s severe diet from September produced unsettling outcomes. He freely admitted to being under the weather, which was evident. When he was admitted to the hospital in Australia due to nausea and vertigo, his family was quite worried and acted immediately.
Motivating Route to Health
The Smiths have never held back when discussing their struggles with both mental and physical health. Will recently shared his experience getting a colonoscopy, which was a big deal for him. During the procedure, a polyp was discovered and removed, underscoring the significance of regular medical examinations.
Will emphasized that there are invaluable long-term benefits to leading a healthier lifestyle, even though it could be challenging at first. By sharing their personal stories, they hope to encourage others to take charge of their health and to extend life and promote well-being.
The Smith family’s candid discussion on “Red Table Talk” reveals their proactive approach to dealing with health-related concerns. They want to inspire everyone to prioritize their health and live long, healthy lives by being open and sharing their road to wellbeing.
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