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.
Dana Plato’s cause of death, confirmed
Warning: This article talks about a possible suicide. Please read carefully and take care of yourself.
Dana Plato was born on November 7, 1964, in Maywood, California. She was an actress best known for playing Kimberly Drummond, a caring character, on the popular TV show Diff’rent Strokes, which ran from 1978 to 1986. In the late 1970s and early 1980s, she became a teen idol.
Aside from Diff’rent Strokes, Dana appeared in many other TV shows and movies. According to IMDb, some of her TV appearances included The Six Million Dollar Man (1975), Family (1976), What Really Happened to the Class of ’65? (1978), Hello, Larry (three episodes), The Facts of Life (1979), CHiPs (1979 and 1980), High School U.S.A. (1983), The Love Boat (1974), and Growing Pains (1985).
Dana Plato appeared in several movies, including Exorcist II: The Heretic (1977), Return to Boggy Creek (1977), California Suite (1978), and Prime Suspect (1989), along with some smaller, less known films.
Sadly, Dana passed away on May 8, 1999, in Moore, Oklahoma, at just 34 years old. People wonder what led to such a heartbreaking and early end to her life.
How did Dana Plato die?
According to her IMDb bio and other sources, Dana Plato’s death at first seemed to be an accidental overdose of the painkiller “Loritab.” But 13 days later, on May 21, 1999, a coroner ruled her death a suicide because of the large amount of drugs in her system and her past attempts to take her own life. Some of her friends and people who knew her disagreed with this ruling.
On the day Dana Plato died, she had just done an interview with Howard Stern, hoping it would help restart her career. She and her fiancé, Robert Menchaca, who was also her manager, were on their way back to California in their motor home. They stopped at Menchaca’s parents’ house in Moore, Oklahoma, for a Mother’s Day weekend visit. Dana wasn’t feeling well, so she took some Lortab (a painkiller) and a muscle relaxer, then went to take a nap with her fiancé. When he woke up, he found her unresponsive next to him.
Dana Plato had been dealing with substance abuse for many years before her death. Her difficulties were often linked to the fact that she struggled to find more acting roles after Diff’rent Strokes ended.
We hope she has found peace now.
If you or someone you know is going through a tough time or is in crisis, help is available. You can call or text 988, or chat online at 988lifeline.org. For international crisis resources, check the link provided.
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