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.
Elon Musk’s Robot Kiss: A PR Stunt or a Glimpse into the Future of Technology
Elon Musk, renowned for his pioneering work in electric vehicles and space exploration, has recently made headlines for his interactions with humanoid robots. His social media posts featuring him kissing these robots have left many people puzzled and wondering about the future of human-robot relationships. Some are even speculating about a potential robot wife that Musk has hinted at.
The images, originally taken by artist Pablo Guerrero, have recently gone viral after Twitter user Daniel Marven shared them online. The pictures show Elon Musk engaging in intimate interactions with four different female robots, and their release has coincided with the debut of Tesla’s humanoid robot, Optimus, taking its first steps. This has only added to the fascination surrounding the situation.
Although the images have caused a stir on social media, it’s crucial to bear in mind that things aren’t always as they seem. The circumstances surrounding these unusual photographs indicate that there may be more to the situation than initially meets the eye. It’s unclear whether these displays of affection are a genuine expression of romantic interest or part of a broader marketing or artistic initiative.
Mr. Marven wrote: ’It is the first robot that has been manufactured specifically designed with artificial intelligence, with the personality and the characteristics of the female that he dreams of…which is not found in any normal person, because of course, there is no normal person that has all the required specifications.”
According to him, ’Catnilla’ is a solar-powered robot that doesn’t require charging and is equipped with sensory capabilities that allow her to experience emotions such as happiness and sadness.
In response to the unique AI-generated portraits of Musk, Twitter users have been swift to offer their reactions, igniting a flurry of comical remarks and conjecture. One individual wittily remarked, “Well, well well… what have we here?”
During Tesla’s recent shareholders’ meeting, CEO Elon Musk shared an awe-inspiring video of the company’s Optimus robots in action, highlighting remarkable advancements made since the prototype’s debut at last year’s Tesla AI Day.
The footage showcases five Optimus robots walking and flexing their capabilities, including item retrieval, task completion, and the utilization of Tesla gadgets. The impressive demonstration serves as a testament to Tesla’s continued commitment to innovation and technological advancement.
As Elon Musk continues to push the envelope with his innovative ideas and technological advancements, the world is left wondering — was the robot kiss a mere publicity stunt or a sign of things to come? Whatever the answer may be, one thing is certain — the future is looking brighter than ever before.
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