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.
DO YOU REMEMBER THIS LEGENDARY DANCE FROM THE 1950S? IT BRINGS STRONG MEMORIES
For me, dancing has always meant a lot of happy times and wonderful memories. A wide variety of dance forms have developed and changed throughout the years.
Although some have lost steam, others have maintained a steady following. “The Stroll” was a popular dance move in the 1950s, and it’s time to bring it back into the spotlight.
How does “The Stroll” work?
“The Stroll” may be a familiar name to anyone who lived during the late 1950s. American Bandstand was the birthplace of this iconic dance number, which shot to fame. The beauty of it was in its accessibility; anyone could participate.
The dance called for the males and girls to form an aisle separated by a line. Each pair would take turns walking down the line, with the leading lad and girl meeting in the center. Everyone was enthralled by the ensuing synchronized routine.
A Reflection on the Past
If you want to see this famous dance in action, here’s a clip from an Idaho dance program that aired in February 1958.
A lot of people’s happiness and excitement for “The Stroll” are shown in this video. Feel the joy and excitement as the happy couple walks down the aisle.
The original “Stroll” from the 1950s has a certain allure, even though dances and times have changed. It is a dance worth remembering because of its simplicity and the purity of that age.
Even if there are modern group line dance renditions of “The Stroll,” nothing beats the timeless allure of the original.
Take Part in “The Stroll”
To see “The Stroll” or relive it, just click the video below. We are eager to hear your feedback once you’ve watched.
Share your thoughts on this charming dance from yesteryear by posting a comment on our Facebook page.
Enjoy the timeless joy of “The Stroll”—a dance that has been delighting audiences for decades—with the help of this high-quality content.
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