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.
After 32 years, Sharon Stone has recreated the iconic scene from Basic Instinct, leaving men in disbelief.
Sharon Stone, at 66, recently revisited her iconic role from *Basic Instinct* in an Instagram post that quickly went viral. Posing in red lace underwear, Stone channeled her famous character, Catherine Tramell, 32 years after captivating audiences in the classic film.
The post garnered over 131,000 likes within 12 hours, with fans flooding the comments with praise. Stone captioned the photo, “Raw… yours,” adding a powerful touch to the image.
While the original *Basic Instinct* scene remains one of the most legendary and controversial moments in film history, this time, there was no interrogation—just admiration. Fans commented, “Even more beautiful,” “You haven’t aged a day,” and “Phenomenal, just like 32 years ago.”
Stone’s post is a testament to her enduring appeal and the lasting impact of her role.
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