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.

Teenage girl dies of cancer – when her mom looks at her coffin, her heart is filled with warmth

Laura Hilfer of Ontario, Canada, was diagnosed with leukemia at the age of thirteen. After intensive treatments, she was declared cancer free, but her and her family’s happiness was short lived as the disease returned again four years later.

Heartrendingly, this young and beautiful soul lost her battle to cancer on January 20, 2016.

Her family shared the devastating news on the social media through the Facebook page dedicated to Laura’s progress and struggles while she was still alive.

“She fought bravely and all of you would have been so proud of her. Her poise, her courage, her strength and her pure spirit shone through right until the end,” her family wrote.

The Nelson High School student was loved by many. She touched the lives of everyone she had encountered, and it was now her friends’ turn to show her just how much she meant to them.

Facebook / Match For Laura

They covered her casket with notes, expressing their gratitude, their love, as well as their sorrow that came with her passing.

Their wish was that Laura receive a love-filled farewell worth of a beloved friend and student.

Not only her classmates and teachers, but her family, neighbors, and even the hospital staff all penned tributes to her on her casket.

Facebook / Match For Laura

When they saw their daughter’s casket, Laura’s family were overwhelmed by the outpouring of support.

One of the messages read, “You were musical. You were artistic. You were understanding. You were my bestest friend.” Another read: “Very brave and strong. You will always be a hero.”

Laura’s favorite color, purple, was on display at the church and on people’s clothes.

Sadly, Laura left this world, but the outpouring of love from her local community was heartwarming to see.

May she rest in peace.

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