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.
91-Yr-Old TikTok Star Wears Mini-Skirts And Dances For Her Followers
On TikTok or any other social media platform, you frequently see people dancing while wearing high heels and miniskirts. Maybe you’ve seen this yourself, but Betsy Lou doesn’t look quite like what you had in mind.
Everyone wants to make the most of life, and Betsy Lou is someone who personally feels strongly about that. She broke preconceptions as a grandma and became popular on TikTok. Who knows, maybe she’s just enjoying herself and not afraid at all.
Betsy Lou’s passion for dancing isn’t the only thing that makes her appealing; she also possesses a certain sense of style that one would expect from a granddaughter or even great granddaughter. She frequently appears in flashy outfits and short skirts.
On TikTok, Betty Lou has become into a bit of a Dan sensation in addition to being a style icon. It’s even more fascinating to watch because she really adores playing the piano, which she does so well.
She is undoubtedly a multi-talented woman, as you can see when you browse through her social media pages. She may appear to be dancing and showing off her moves at any point, but the 91-year-old said that the piano will play lovely music.
Betty Lou is definitely someone to keep an eye on, and her actions will probably cause her to become viral in the future. Just remember that she is who she is and doesn’t care who knows it, so don’t try to make her change who she is or how she looks.
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