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.
Say Goodbye to Skin Tags: 9 Home Remedies That Actually Work
Skin tags are small, harmless bumps that often appear where skin rubs together, like in the armpits or neck. While they don’t cause any health issues, many people choose to remove them for cosmetic reasons or to prevent irritation from clothing or jewelry. If you want to try removing skin tags at home, here are nine easy remedies using items you likely have at home:
**1. Tea Tree Oil:** This oil is known for its cleaning properties. To use it, put a few drops on a clean cotton ball and place it on the skin tag. Secure it with a bandage and leave it on overnight. Repeat this every night until the skin tag falls off.
**2. Apple Cider Vinegar:** Soak a cotton ball in apple cider vinegar and place it on the skin tag. Secure it with a bandage and do this every day for a few weeks. Over time, the skin tag will darken, dry out, and eventually fall off.
**3. Garlic:** Garlic has natural properties that can help shrink skin tags. Crush a garlic clove to make a paste, apply it to the skin tag, and cover it overnight. Wash it off in the morning and keep doing this until the skin tag disappears.
**4. Banana Peel:** The enzymes in banana peels can help break down skin tags. Cut a small piece of banana peel and place it over the skin tag, then cover it with a bandage overnight. Continue this process until the skin tag falls off.
**5. Vitamin E Oil:** This oil is good for your skin and may help with skin tags. Apply vitamin E oil to the skin tag and cover it with a bandage. Change the bandage daily until the skin tag falls off.
Using these simple remedies can help you remove skin tags at home safely and effectively. Always remember to be gentle with your skin and consult a doctor if you have any concerns.
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