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.
Dustin Hoffman’s Secret Cancer Battle: The Untold Story of His Triumph!
Dustin Hoffman, known for his roles in movies like “Tootsie” and “Rain Man,” kept a big secret about his health. In 2013, when he was 75 years old, he shared that he had been treated for throat cancer. He didn’t talk about it after that.
Hoffman became famous in 1967 with his role in “The Graduate.” He got nominated for an Oscar for that movie. After that, he starred in more famous films like “All the President’s Men” in 1976 and “Kramer vs. Kramer” in 1979, where he won an Oscar for Best Actor.
In 1983, he was in “Tootsie,” where he played a man who pretends to be a woman to get an acting job.
In the famous movie where Dustin Hoffman dressed up as a woman, he was called a “nottie” instead of a “hottie,” which made him very sad.
He said in an interview, “If I was going to be a woman, I would want to be as beautiful as possible, and they said to me, ‘That’s as good as it gets.’ Uh, that’s as beautiful as we can get you.”
When he heard that he wasn’t considered very pretty, it made him really upset. This made him realize something important about how women are treated.
“I went home and started crying,” Hoffman says. “I think I’m an interesting woman, when I look at myself on-screen, and I know that if I met myself at a party I would never talk to that character because she doesn’t fulfill, physically, the demands that we’re brought up to think women have to have in order for us to ask them out.”
Even though the comedy he was in was the second most popular movie that year – “E.T. The Extraterrestrial” was number one – Dustin Hoffman didn’t find it funny.
He said, “…that was never a comedy for me.”
But despite that, Hoffman became one of the most famous actors in Hollywood.
He won his second Oscar for the 1988 movie “Rain Man” and also won six Golden Globes and one Primetime Emmy.
In 2013, the actor, who is usually busy with his career, became quiet.
Just a few months after Dustin Hoffman directed the British comedy “Quartet” in 2012, and shortly after finishing filming “Chef” in 2014 with Jon Favreau and Sofia Vergara, his representative told the world why the beloved actor had been out of the spotlight.
His publicist, Jodi Gottlieb, shared with People (through ABC News) that Hoffman had been successfully treated for cancer, something he had kept private. She said, “It was detected early, and he has been surgically cured. Dustin is feeling great and is in good health.”
Although not much detail was given, reports suggested he had throat cancer. Even though he was 75 at the time, he continued with treatments to prevent it from coming back.
But Hoffman didn’t let this slow him down. He continued to work, lending his voice to Master Shifu in more “Kung Fu Panda” movies and starring in other films like “Sam and Kate” in 2022 and the sci-fi drama “Megalopolis” in 2024.
In early March 2024, Hello! reported that Hoffman and his wife Lisa Gottsegen, whom he married in 1980, were seen walking together in London, showing affection.
They wrote, “The Hollywood legend looked years younger than 86 as he smiled and waved at the cameras. He was tanned and carefree as he strolled through the city and ducked into boutiques with his wife of 43 years.“
Although Hoffman hasn’t spoken publicly about his cancer battle, it seems he’s doing well. Let us know what you think of this story and share it so we can hear what others think too!
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