Joe and Ann met in 1964Joe was a young soldier on leave, and Ann was a nurse at the local hospital, working tirelessly to tend to the men who came home battered and bruised. One afternoon, they happened to sit next to each other on a rickety bench in a small park by the hospital. Joe, looking down at his boots, noticed a young woman with kind eyes and a quiet smile reading a book beside him. They struck up a conversation about the book, and Joe felt like he’d been swept away to another world, far from the war and all its chaos.
The very next day, Joe had to leave for deployment again, but before he did, they arranged to meet on that same bench, no matter where life took them. Miraculously, they both survived the war, and when Joe returned, he found Ann waiting for him on that bench, a familiar sparkle in her eyes. They shared a lifetime together, raising a family, building a home, and creating a love that would endure the tests of time.
When they retired at age 55, they made it their tradition to return to that very park every single day, to sit together on their bench. Rain or shine, they’d be there, side by side, sharing stories, laughing, or just holding hands in comfortable silence. As the years went on, people in the town started calling it “Joe and Ann’s Bench.” Young couples would stop and smile at the sight of them, seeing the kind of love they hoped to grow into one day.
Their lives were filled with seasons of change—new grandkids, old friends passing, aches and pains that came with age—but that bench stayed the same. To them, it was more than a spot in the park; it was a witness to their love story, to all the memories they’d shared there.
Now, at 100 years old, they still meet at that bench every day. Joe helps Ann with her coat, and Ann straightens Joe’s hat before they sit. They often laugh about how old they’ve gotten, and every once in a while, Ann will lean her head on Joe’s shoulder like she did in the early days. Sometimes they’re silent for long stretches, but in that silence, they feel the weight of the love they’ve built together, rich with a thousand unspoken words.
When people ask them the secret to staying in love for so long, Joe always winks and says, “Just find someone you want to sit with, forever.” Ann always smiles at him when he says this, knowing he still means it with his whole heart.
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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