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.
Concerns about Trump’s health for a presidential run are raised by a former White House aide.
Anxieties over Trump’s mental and physical health have surfaced again in the wake of his 2024 presidential campaign. Anyone considering him for office should be wary of his diet, lack of exercise, and possible cognitive impairment.
The candidacy of Trump could be affected by these worries. Candidates must prove to voters that they are mentally and physically capable of enduring the rigors of the campaign. Building trust and responsibility requires open dialogue and honesty about health.
When it comes to covering health issues, the media is vital, but they must do it responsibly. The fitness of a presidential candidate for office must be determined by reliable assessments conducted by medical professionals. That way, people can make educated decisions based on accurate health data.
SIt is clear that we need a strong president in light of Trump’s health problems. You need to be in the best possible health to do your job well. Mental and physical health are front and center in presidential campaigns, with the goal of encouraging candidates to make these issues a priority and providing voters with information about their health status.
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