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.
Animal rescued from the cold looks like a hairless cat — you’ll never guess what it really is
For many animals, fur is essential because it offers much-needed insulation from the cold. Additionally, it gives them their unique appearances; there are some creatures that you might not even identify when they are fully bald.
A more rarer critter that resembles a hairless cat was just taken up by rescuers. Continue reading to find out more about this unusual species and her improbable survival.
The strangest animal was adopted by Hope for Wildlife, a charitable conservation organization in Nova Scotia, last month. A couple in West Arichat found the animal, suffering in the cold, in their backyard, according to the Canadian Press.
The creature appears to be a Sphynx cat at first glance, but it’s actually a fully hairless raccoon!
Without their distinctive fur pattern that resembles a mask, raccoons are definitely difficult to identify. This small animal, a northern raccoon, suffers from severe alopecia, which has left it entirely bald.
There have been examples of balding raccoons in the past, but nothing like this, according to the rescue: “It’s just tufts of fur around the snout, ankles and feet.” The Canadian Press was informed by Hope Swinimer, director of Hope for Wildlife, that the situation was serious.
Despite being female, the raccoon has been named Rufus in honor of the character from the Kim Possible cartoon who is a naked mole rat.
The rescue said on Facebook that they are still in the process of diagnosing the reason for her hair loss and that it might be an autoimmune condition causing harm to her hair follicles. Not only did they rule out fungal infections, mange, and parasites, but they also noted that her skin looked healthy.
Since raccoons rely on their fur to remain warm and shield their skin from the weather, Rufus’s survival for this extended period of time astounded the rescuers.
“We are astonished that this small lady survived the winter without fur and without getting frostbite or worse!” the Facebook post stated.
They went on to say that she was “her own doing” and that she had a “feisty” personality. Nevertheless, given that she was apparently “down and out upon arrival,” it appears that she was saved just in time.
For a few brief hours, we were in a panic, but then she became hungry and came out. We’ve noticed a significant change since she first came, and she’s becoming really feisty now, Swinimer told The Canadian Press.
Given the situation, Rufus may end up staying at the shelter permanently. In addition to having a dedicated habitat, an outside area with a place to crawl into for warmth, and other facilities like hammocks and nesting boxes, Rufus will have all of these.
We’ve never before seen a raccoon without hair! Rufus’s prolonged survival in the wild is amazing, and we’re happy that she was discovered and is receiving quality care.
Leave a Reply