Subway makes Big Announcement about its future, after 58 years they are…

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.

Hazel Roberts, Julia Roberts’ 16-year-old daughter, makes her Red Carpet debut

Julia Roberts is one of the rare celebrities who lives a relatively ordinary existence. She has been married to cinematographer Daniel Moder for 19 years, and the couple appears to be extremely happy.

he couple has three children: twins Phinnaeus and Hazel, both 16, and a son, Henry, 14.

Both Roberts and Moder try to keep their children out of the public eye, which is why we rarely see them attending public events or sharing images on social media.

However, we saw Hazel in the presence of her father at the Cannes Film Festival in France in July.

The two were there to promote the film Flag Day. Moder was the choreographer, and Sean Penn, was the director.

While Penn’s children played characters in the film, Hazel did not, but she attended the ceremony to support her father’s efforts.

Hazel’s amazing beauty drew everyone’s attention.

While some claim she inherited her mother’s nose, many believe she’s a striking likeness of her handsome father, so it’s no surprise she’s attractive herself. Hazel has blonde hair and blue eyes.

She was dressed in a soft yellow long lace gown and black Mary Jane heels. Her hair was pulled back into a ponytail and her make-up was modest. A true woman!

Moder was clearly proud of his girl and spent the entire evening by her side.

Whether Hazel or her siblings are interested in pursuing professions in the film industry is unknown because their parents rarely speak about their children and prefer to keep them out of the spotlight, which is understandable given Roberts’ grounded nature.

Despite her great income, which is reported to be approximately $250 million, she has never acted like a diva and has always maintained a humble demeanor.

In 2016, Hazel and her brothers played minor roles in Robert’s film Mother’s Day.

In 2018, Roberts told Harper’s Bazaar about her children:

“I don’t think they’ll ever understand (my fame). I think I told you once that when they started figuring it out, they were like, ‘You’re famous?’”

“And I said, ‘I think a lot of people might have seen the movie that I’m in or might know who I am.’”

She then discussed the issues that today’s youngsters experience, saying, “It’s different than when I might have said to my mom, ‘Mom, you don’t know what it’s like to be a teenager today,’ even though she probably did.”

Danny and I have no idea what it’s like to be an adolescent today. When my children ask me questions, I just tell them, ‘I’m going to say no and check into it because I have no idea what we’re talking about.’”

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