Nicole surprisingly consents to give Mike everything in their divorce after a tense marriage characterized by his fixation with worldly wealth. Nicole’s laughing, however, betrays a covert plot in progress as Mike celebrates his “victory.” Mike is unaware that she is going to make her last move.I looked like the defeated ex-wife as I left the lawyer’s office, my shoulders hunched and my face expressionless.A
It was raining heavily, and the dismal sky reflected my mood, or at least the one I wanted everyone to believe I was in.A woman passing by an interior window
With a small smile that is still on my lips. I didn’t give a damn. It was going to be enjoyable.An elevator with a woman | Source: Midjourney A couple weeks prior to now… Years had passed since Mike and I had been happy, but it wasn’t your typical breakup. Mike was fixated on his appearance. He was all about wearing only designer clothing, owning the largest house on the block, and having ostentatious cars.
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.
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