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.
A Woman Who Married A Ragdoll Says Life With Kids Is Complicated
There are many ways to find love. And it’s not always easy. This woman found love in a very unusual way. Now she has news that will shock everyone…
Being married to 37-year-old Meirivone Rocha Moraes made news all over the world. She is from Brazil. What made her wedding famous all over the world? The person she picked to marry! She married Marcelo, a life-sized rag doll.
It is said that the pair now has three children. a son named Marcelinho who is 1 year old and twin girls named Marcela and Emilia who are 1 month old.
Meirivone says that her family life is no different from the lives of any other mother and wife. On TikTok, she tells people about her life. They have split up their parenting chores evenly between the two of them, she says. Marcelo, on the other hand, thinks about how to pay the family’s bills.
She also talks about how hard it has been having kids. “It’s not easy but at the same time, I get emotional every moment, every second. In everyday life, Marcelo and I have a lot of tasks with the new babies, as well as looking after our first child. And even when I’m tired, he helps me bathe, eat and sleep.”
Even though Marcelo is stressed out, she says that everything they have is worth it. Meirivone said, “He always dreamed of having a family and children, even though he looked forward to many things.”
These days, the couple wants to own their own house. Adding, “My dream now is to own my own house,” she added. “Since our wedding in 2018, I’ve been scouring the internet every day. I won’t give up,” the determined mom of three explained.
There are some problems with the connection that make it stand out. Their lives haven’t always been smooth. Meirivone told Marcelo he had cheated on her that June 2023. It wasn’t the first time he did it. She punished him by putting him to sleep on the couch and taking out his private parts.
Their child Marcelinho was taken in February 2023, and a $200 ransom was asked for. Since then, he’s been back with his family, and he was also there when they told everyone what kid they were having.
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