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.
Barbra Streisand Defends District Attorney Fani Willis: “A Woman Can Have a Private Life”
Conservative critics have been criticizing Fulton County District Attorney Fani Willis, and Barbra Streisand has lately come out in favor of her. Streisand is adamant that the critiques of Willis are an unjustified attempt to damage her reputation by intruding into her private affairs.
Streisand outlined in a post on X how Willis is being unfairly scrutinized for her personal connection to Nathan Wade, a deputy attorney she employed to look into the Georgia 2020 election results. Streisand emphasized the unfair disparities that exist, posing the question of why it is acceptable for males to lead private lives yet women are subjected to harsh criticism for doing the same.
“How absurd it is for the Republicans to want to fire Fani Willis. For what purpose? Believing that a woman cannot lead a private life in addition to a career? Men engage in it frequently! How absurd is this situation? Streisand said.
Not content to stop there, Streisand also used the occasion to attack former President Trump and his allies. She emphasized that the attacks on Willis are a ploy to divert attention away from the most important details of the case, which include Trump’s purported attempt to exert pressure on the Secretary of State to rig the vote tallies in his favor and submit fictitious electors to Congress.
This ongoing dispute highlights the larger discussion of how personal and professional lives overlap, particularly when it comes to high-stakes legal and political disputes. It raises important concerns about gender equality and the particular demands made on women in leadership roles.
Barbra Streisand’s support of Fani Willis highlights the particular difficulties women have in juggling their personal and professional obligations. It serves as a heartbreaking reminder that women’s decisions to retain a private life in addition to their work obligations should not be scrutinized or judged.
In conclusion, Streisand’s remarks highlight the significance of treating all people fairly in the workplace, regardless of gender. Like men, women should be allowed to lead their lives without being subjected to unwarranted criticism. It’s a request that everyone acknowledge and deal with these prejudices in order to establish a more equal and encouraging work environment for everyone.
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