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.
“Got a BILLION Reasons to Love Him,” Salma Hayek’s Tribute to Her Husband Causes a Big Stir
“When I married him, everyone said, ’Oh, she married him for the money,’” Salma revealed a few years ago about her marriage to François-Henri Pinault. Despite addressing these rumors, the same hurtful comments still flood her Instagram posts whenever she celebrates her husband.
More than a decade into her marriage, the actress still remembers the stereotypical accusations she faced after marrying billionaire businessman François-Henri Pinault. The couple met in 2006, not realizing their casual conversation would blossom into something serious. Salma and François-Henri have a daughter together, and Salma is also a stepmom to his three kids from a previous relationship.
The Oscar-nominated star has often addressed the misconceptions around her marriage, saying that when she married him, everyone thought it was for the money. Gushing over her husband, she said, “Fifteen years together, and we are strong in love. I don’t even get offended; I’m like, yeah, whatever.” She also mentioned that there’s a lot of unfair judgment against wealthy men, with people assuming that being rich means they might not be good people.
Despite repeatedly addressing the issue, whenever Salma shares moments with her husband, the same accusations of marrying for money resurface. Yet, Salma recently took to Instagram to express her love for François-Henri, posting a captivating carousel of images capturing their intimate moments, including those where they share tender gazes and affectionate gestures on the red carpet.
In a moving tribute for her husband’s birthday, Salma poured out her heart: “God bless the day you were born, mi amor. Thank you for the endless love and laughter you bring me each day. Happy birthday, my king.” This declaration of love resonated deeply, stirring admiration for their profound connection and leaving a lasting impression on all who saw the post on Instagram.
Underneath the carousel of pictures, a commenter playfully remarked: “Got a billion reasons to love him,” cleverly playing with words to suggest Salma’s affection stems from his wealth. Another commenter added a touch of irony, saying, “Money can’t buy hap… wait. It can.” Meanwhile, another person commented, “This is what you can get when you have a LOT of money… 🤷🏽♂️”
In addition to the remarks about wealth, some comments focused on the age gap, with one person stating, “She’s beautiful. He’s old,” while another sarcastically remarked, “Your Dad looks like a great guy ❤️,” and others simply referred to Pinault as “Old man.”
Love triumphed over the critics, and the post was flooded with comments defending Salma. Many noted that the 4-year age gap wasn’t significant, with one person saying, “People thinking there’s a big age gap, they’re 4 years apart, people calm down.”
Others expressed support for the couple, like one user who wrote, “The way you look at him 😊 with so much love 🥰,” and another who commented, “The secret of eternal youth is a beautiful love that makes you smile every day ❤️.”
And in response to allegations that she married for money, one commenter shut down the criticism, saying, “She loves him. She still works and always has. She didn’t marry a wealthy man to retire. She met a man who made her laugh and shared the same ambition and mentality. Bravo.” This comment effectively silenced all the critics.
Recently, people criticized Salma over speculation about her supposed plastic surgery.
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