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.
Saleslady Kicks Poor Old Woman Out of Luxury Store, Cop Brings Her Back Later
This story is a touching example of how kindness, empathy, and resilience can transform an ordinary moment into something life-changing. Kerry’s dedication to her granddaughter, Anne, shines through as she goes to great lengths to make Anne’s prom special, despite her limited means. The story takes an unexpected turn when George, a compassionate young apprentice officer, steps in, demonstrating that there are always people willing to help and stand up for what’s right.
The twist at the end, with George becoming Anne’s date and later her husband, is heartwarming and poetic. It reinforces Kerry’s belief that sometimes, all it takes is a single moment—like prom night—to change the course of someone’s life. Their eventual marriage symbolizes the unexpected rewards of standing up for loved ones and never letting unjust situations go unchallenged.
Kerry’s bravery in the face of adversity, George’s genuine kindness, and Anne’s eventual joy highlight how genuine connections and empathy can lead to beautiful outcomes, even in the face of prejudice. This tale reminds us that family, love, and small acts of bravery can pave the way for life’s most meaningful moments.
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