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.
If your partner leaves a clothespin on the shower head, it’s time to decipher the message behind it
Nowadays, home remedies and life hacks are everywhere online. While these tips were once passed down through generations, today they are widely accessible thanks to the internet.
We strive to provide engaging and educational articles that keep our readers engaged. We’ve covered a number of unique topics, but attaching a clothespin to a shower head is something new for us.
At first I was skeptical about this unconventional practice. My first thought was: “Why would anyone do this?” But as time often proves, my initial doubts were dispelled by patience and experience.
Attaching a clothespin to your shower head actually serves a practical purpose. If you find a clothespin there, it’s a sign of your partner’s ingenuity and worth appreciating.
While clothespins are typically used to hang clothes, they can also play another role in freshening up your bathroom.
Here’s how to try it: Take a wooden clothespin and a bottle of essential oil, such as eucalyptus, lavender or peppermint. Dip the clothespin in the oil and attach it to your shower head or curtain.
As you begin your shower, the steam will disperse the scent of the oil-soaked clothespin, adding a pleasant aroma to your shower experience. Try it out and let us know how it works for you. It’s amazing how simple hacks using everyday items can make a huge difference.
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