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.
Julia Roberts Goes Blonde, and Everyone Notice the Same Thing
Julia Roberts is making waves again with a cool new hair color, but people have totally different opinions about her latest look.
On June 16, Julia Roberts’ trusted colorist, Kadi Lee, took to Instagram to unveil the actress’s bold new look — she’s swapped out her soft brown locks for a stunning golden blonde. Lee explained in her post that she approached the transformation gradually to ensure Roberts’ hair stayed healthy throughout the process.
The 56-year-old actress also changed her usual blunt bangs to a softer curtain style that framed her face. She wore her layered hair in loose waves, showing off the mix of dark and light highlights in her new look.
Going blonde wasn’t Roberts’ only recent hair change. Last year, in March 2023, she surprised everyone by showing up with bangs at an event.
Since the actress is known for her iconic red hair, people have mixed feelings about her new blonde look. However, most people ended up loving it and praised her for the change. “How she looks so stunning with literally any hair color,” someone wrote. Other comments included, “Oh wow! That blonde looks amazing on her! Love Julia with dark hair, but I gotta admit, that blonde is beautiful!”
Many comments complimented her beauty despite the changes and years, with people saying things like, “Julia always looks amazing,” and “Perfection and an inspiration.”
Here are some tips Julia Roberts has shared over the years to keep her youthful look.
Leave a Reply