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.
Why Your Siblings Are Good for Your Health
One day, siblings are awesome — and the next, they’re a real nightmare. They can be so unpredictable, yet we love them all the same. We call each other names, but if someone does that to our sibling, we’re up in arms. As surprising as it sounds, siblings can actually improve your health. So you may want to think twice before you tell your sibling to leave you alone.
Bright Side encourages you to grab your sibling and take a moment to appreciate each other.
They boost your immune system.
Healthy sibling relationships increase your ability to fight off viruses, even without symptoms. Stress hormones, catecholamines, and glucocorticoids, in particular, have a negative impact on your immune system when you’re sick. The higher your stress levels are, the worse you feel. Luckily, if you have strong social bonds with your siblings or friends, you can control your stress levels, which can help you get over an illness much faster.
Hugging your loved ones can prevent heart disease.
You can keep your blood pressure under control by hugging regularly. If you are worried sick about something, instead of taking some medicine, hug your sibling. Such practices lower blood pressure and heart rate. Even 20 seconds of hugging your loved one can help you avoid heart attacks or pain.
They help you cope with depression.
We often turn to our parents for help when we run into a brick wall in our lives. However, your sibling offers you something that your parents can’t. You open up more to your siblings, find possible solutions together, and the overall feeling of being cared for cheers you up. Your cortisol levels reduce when you have someone to talk to. Additionally, they protect you from stress when you’re a kid.
They prolong your life.
People with poor social connections are 50% more likely to die earlier than people who have tight bonds. This could be because your nearest and dearest encourage you to care about yourself. This becomes especially noticeable when you fall ill. Your siblings make a casserole for you, rub ointment on your back, and demand that you don’t die because they need you.
How many siblings do you have? Did the article make you view them differently?
Leave a Reply