My phone buzzed on a normal Tuesday afternoon, alerting me to a message from my wife Emma. After ten years of marriage, our bond was based on respect, trust, and love. However, this message would rock our marriage to its core.
“Hey, sweetheart! She wrote, “Check this out! I’ve attached a photo.” I was surprised to find Emma with noticeably larger breasts—something we had never talked about—instead of a happy selfie.
I gave her a call right away. “What is this, Emma?” How come you didn’t tell me about this?
She said, “Oh, I thought it would be a nice surprise,” in a casual way. Do you not find it appealing?
“A revelation? This is significant surgery, Emma! How were you unable to talk to me about this? Shaking my voice, I questioned.
“I didn’t believe it to be all that significant. She answered, “I wanted to feel better about myself.
Her remarks hurt. Our trust, which had grown over a decade ago, was broken.
Days later, I came to the conclusion that such a betrayal of trust could not last in a marriage. Emma became combative, adamant that it was her decision and her body.
Although our divorce was painful, it was a sign of a larger problem with misplaced trust.
Subway makes Big Announcement about its future, after 58 years they are…
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.
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