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.
What Kids Who Once Became World Famous for Their Beauty Look Like Now
When kids, who were once recognized by the world for their beauty, grow up, they might still choose to continue their adult life under the spotlight. Some might become actors, and others famous models or influencers with millions of followers. After all, being used to the cameras and to the demands of fame since childhood can make a life of stardom more familiar and accessible.
Bright Side appreciates all kinds of beauty and grace. And this time we’ll share what some of the world’s most beautiful boys and girls look like now, in adulthood.
1. Lucky Blue Smith, 23 years old
2. Lily Chee, 18 years old
3. Anna Zak, 20 years old
4. Malina Weissman, 18 years old
5. Yara Shahidi, 21 years old
6. Peyton List, 23 years old
7. Audreyana Michelle, 22 yeas old
8. Thomas Kuc, 19 years old
9. Mackenzie Foy, 20 years old
10. Bella Harris, 21 years old
11. Oona Laurence, 19 years old
12. Ekaterina Samsonov, 18 years old
13. Nikki Hahn, 18 years old
14. Harvey Petito, 18 years old
15. Fátima Ptacek, 21 years old
16. Thylane Blondeau, 20 years old
Is it beauty or intelligence that can bring us more opportunities in life? Do you think beauty can play a negative role in the development of a child’s personality?
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