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.
Kim Kardashian Sparks Concern With Her ‘Wonky Eye’ That She ‘Tries to Hide’; Nurse Weighs In
For several weeks, eagle-eyed fans have been accusing reality TV star Kim Kardashian of attempting to conceal a “wonky eye.” Numerous red carpet appearances have featured her right eye hidden beneath a carefully placed fringe, as seen at the OSCARS 2024 Vanity Fair After Party and the Academy Museum of Motion Pictures event. Additionally, paparazzi shots have consistently shown her wearing sunglasses in low-light settings.
Her rumored eye problem has sparked speculation, including a professional opinion from nurse Carolyn Clark.
Clark believes Kardashian is suffering from ptosis, a side effect of improperly administered Botox injections. Ptosis occurs when anti-wrinkle injections are placed too low in the frontalis muscle or eyelid, leading to muscle weakness and a drooping eyelid. Fortunately, the condition is temporary. However, it is important to note that these claims are based on observations and speculation, and there has been no official confirmation from Kardashian or her representatives regarding any Botox treatments or complications.
“Ptosis is something annoying that can happen with Botox… it’s rare, but it does happen. It’s when the Botox is injected a little too low into the frontalis or into the eyelid muscle, and it makes the lid droop. It doesn’t last forever thankfully, it goes away when the Botox wears off.”
Clark shared her thoughts on TikTok, causing a surge of interest and various theories from fans.
Some have suggested that Kardashian’s issue could be related to a lack of sleep, while others believe she may be allergic to Botox. A few have even proposed that the condition could be genetic, drawing attention to similar appearances of her mother’s eyes.
This latest buzz only adds to ongoing speculation about Kardashian’s plastic surgery and aesthetic procedures.
While she has admitted to using Botox, she denies undergoing any further surgical enhancements. However, cosmetic surgery experts disagree, pointing to evidence that suggests multiple non-surgical procedures and possible breast and butt implants.
As one of the world’s most closely watched celebrities, Kim Kardashian is no stranger to public scrutiny and speculation about her appearance. While fans continue to analyze her every move, it is essential to remember that any claims about her cosmetic procedures or alleged complications remain unconfirmed. As with all matters concerning personal health, privacy and respect should be paramount.
Speaking of dramatic changes, Khloé Kardashian recently sported a bold new hair color. We’ll be diving deeper into this fiery transformation in our next piece, so don’t miss out!
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