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.
Less than a month after painful divorce, Jason Momoa, 44, “begging” star for a date – and you might recognize her
Although Jason Momoa isn’t exactly a newcomer to the single scene, it appears that he isn’t letting his time be wasted looking for love.
At least, that’s what RadarOnline claims, claiming that the actor from Aquaman and Game of Thrones is targeting Demi Moore. When Momoa met the actress at a recent Hollywood event, he is said to have fallen in love.
As his fans are well aware, Momoa, 44, formalized his divorce from his four-year wife, Lisa Bonet, earlier this month. The two are now free to look for other partnerships after a 12-year relationship.
If RadarOnline is to be believed, Momoa has gotten in touch with Moore, Ashton Kutcher and Bruce Willis’ ex-wife. It was made public last year that the 61-year-old and the former are parents to three children together, and that she was doing everything in her power to support Bruce during his terrible battle with dementia.
Moore isn’t in a relationship, but it appears that she’s prepared to work hard to win Momoa over.
The famous couple was reportedly sighted together on January 18 at a showing of the documentary Common Ground (about a week after Momoa and Bonet filed for divorce).
“After they chatted, Jason snagged her number from a mutual friend, and he’s been laying it on thick, telling her she’s the most gorgeous woman he’s ever seen,” an insider told the National Enquirer. He’s been messaging her, wishing her a day as lovely as she is.
Demi is enamored with it despite how corny it is.
Furthermore, according to the same story, Momoa is making every effort to further matters by asking Moore out on a date.
The source went on, “He’s been pleading with her for a date and even calling friends who know her, asking them to put in a good word for him.”
According to a source who spoke to the site, Jason has a serious fetish about hooking up with Demi. “He believes they would be a fantastic match and believes Demi has a lot to teach him.”
Momoa said goodbye to the house he formerly shared with his ex-wife after he and Bonet separated, opting to live in a van instead.
Many have been taken aback by this unexpected change in lifestyle, but Momoa readily shares photos of his “van life” on social media and enjoys the minimalist design and environmentally friendly features of his new residence.
How do you feel about Moore and Momoa maybe dating? Share your opinions with us in the comments section.
Leave a Reply