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.
Martha Stewart’s perfect response for haters who say she should dress her age
The legendary businesswoman Martha Stewart, known for her exquisite home décor and culinary prowess, is making news once more.
But it’s not for her newest dish or do-it-yourself project this time.
Stewart, who is eighty-two, is embracing her individuality and rejecting ageist preconceptions, especially when it comes to her style choices.
Stewart was asked recently about how she approaches dressing for her age while she was in New York City for the Fashion Group International Night of Stars event. Stewart dismissively answered the question of “dressing for one’s age” when it was posed, asking, “Dressing for whose age?” as reported by the Huffington Post.
For all women, Stewart’s defiance of age-related fashion standards is an inspiration. She asserts loudly that she doesn’t take age into account when making dress decisions, saying, “I don’t think about age.” I believe that as people get older, they get more and more amazing, and I salute each and every one of them, according to Page 6.
She declares with pride, “I’ve dressed the same since I was 17,” demonstrating her confidence.
Stewart has been causing a stir on social media with her daring dress choices in addition to her red carpet appearances. From taking pictures by the pool to becoming the oldest model to appear on the cover of Sports Illustrated Swimsuit Issue in history, Stewart celebrates her sexuality and individuality with unwavering courage.
In an open interview, Stewart highlighted how happy she was to be acknowledged as a sex icon at her age and how it could serve as an inspiration to others. She said, “I’m a teacher,” according to the Huffington Post. “I want to show people that having a great appearance is possible.” There’s no justification for moping around.
Stewart kept her usual sense of humor and spontaneity when questioned about her future intentions to share “thirst traps” on social media. Stewart’s lighthearted approach to life is charming and inspirational, whether he’s laughing about taking a picture with a polar bear in Greenland or just letting things happen.
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