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.
Kylie Jenner Is Criticized for Piercing Her Daughter’s Ears
Piercing a baby’s ears has always sparked debate, with people divided on its safety and ethics. While some see it as a harmless tradition or a personal choice, others worry about consent, health risks, and the child’s autonomy. The controversy flared up when celebrity influencer Kylie Jenner posted a photo of her daughter, Stormi Webster, with pierced ears. This picture led to widespread discussion and criticism, once again bringing attention to the ongoing debate about piercing babies’ ears.
Lots of babies around the world get their ears pierced, but it’s the earlobes of famous babies that get people talking online about whether it’s safe for little ones to wear jewelry. When her daughter Stormi Webster was five months old, Kylie shared a picture of her lying on a bed in a softly lit pink room. Followers noticed the tiny studs in Stormi’s ears, which were barely visible but still caught their attention.
Jenner is used to social media controversies, but the criticism about her young daughter and parenting skills is particularly harsh this time. Some strongly argue against piercing a baby’s ears, while others call Jenner “cruel” and “thoughtless.” “Is she going to start putting big earrings in her [ears] now [they’re] pierced? A [baby’s] ear is still forming and growing at that age,” one user wrote. “Piercing a babies ears!!!! @kyliejenner be ashamed of yourself. This is utterly disgraceful,” another follower commented.
Although getting a baby’s ears pierced is usually seen as safe, doctors warn about the risk of infections. Some suggest waiting until your baby is around 4 months old. However, the American Academy of Pediatrics doesn’t have a clear rule on when it’s best to pierce ears. They recommend waiting until a child can take care of the piercing themselves, but they don’t say no to piercing babies.
Kylie Jenner and her former partner Travis Scott gained notice for their unique parenting style. Travis revealed that they give their toddler Stormi a lot of independence. He mentioned they let Stormi choose her bedtime, deciding whether she wants to sleep at the usual time or stay up later. Stormi consistently chooses bedtime, which surprises many parents who appreciate her commitment to a good sleep routine.
Some parents think piercing their baby’s ears heals faster when they’re young. Others believe it’s important to respect their child’s autonomy and find piercing without consent unethical. Although tiny earrings might look cute, they can be dangerous for babies, causing injuries during play or even choking hazards.
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