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.
You Won’t Believe How This Woman with a Rare Skin Condition Found Her Soulmate!
With the rise of social media, we’re constantly seeing images of perfect-looking people, making the world seem even more focused on appearances.
For those who don’t fit this “perfect” mold, life can be tough, with strangers feeling the need to criticize others based on their looks.
Karine de Souza knows this all too well. The Brazilian woman has a rare skin condition that requires her to cover her skin in SPF100 sunscreen, even when she’s indoors.
At age three, Karine was diagnosed with Xeroderma Pigmentosum, a rare condition that makes her very sensitive to sunlight and puts her at high risk for skin cancer.
This condition, which has no cure, means her skin can’t repair damage from UV rays. Just a few minutes in the sun can lead to very painful sunburns for her. As a child, she had to stay inside most of the time because being outside was too dangerous.
She explains, “I don’t feel anything right away when I’m in the sun, but later on, I get painful lesions that need to be removed because of cancer.”
Karine has had 130 surgeries to remove lesions caused by the sun, including parts of her lower lip and nose.
But her challenges go beyond physical pain. She often gets stared at and has faced verbal abuse both in person and online.
Despite all this, Karine stays positive and happy. She even found love with her husband, Edmilson, whom she met through social media. Edmilson was drawn to her story and strength, and he’s always been by her side, knowing he wanted to spend his life with her.
He also decided to embrace Karine’s three children from her previous relationship, which of course, meant a lot to Karine.
”He came and he showed me that I could live a true love story”, she says.
But after posting photos of them together online, Karine was once again exposed to a whole host of offensive comments.
”We have already read many offensive comments calling me a monster, deformed, a zombie,” Karine said, as per the Daily Mail.
Other comments suggested that their relationship wasn’t genuine and that Karine was a ”sugar mommy,” and that she must be very rich.
”Because of the fact he’s a young man and pretty, that caught people’s attention and they didn’t believe that he was with me because he really liked me,” Karine said.
A photographer who captured the couple after they got engaged posted a selection of the images online and wrote:
”In a world where appearance matters more than the feeling, they met not by chance, but by a gathering of souls, an encounter of acceptance and character and love emerged when their souls met and today you are the inspiration to so many people who do not believe in themselves, in life and especially in love.
“THANK YOU every day for being who you are. STOP complaining for being like you are. HUG LIFE, and accept yourself. Much gratitude for teaching me so much. You guys are AMAZING. You are the missing hope in so many people. Thank you for the big hug, and for the wonderful day we experienced together. I carry your smile with me forever.”
His heartfelt words and beautiful images he captured of Karine and Edmilson went viral, and thousands of people commented, congratulating the couple.
Karine wants others to realize the importance of being positive.
”Be happy, smile, because life happens only once,” she said.
In 2023, Karine and Edmílson welcomed a baby girl into the world, and they couldn’t be happier! Their daughter, Zaia, was long awaited – Karine and her husband had been trying for a baby since 2020.
Karine has been through so much but thanks to her positive attitude she has found the happiness she deserves.
Her story is inspirational so help us inspire others in similar situations by sharing this story with your friends and family.
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