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.
Karen Grassle, ‘Little House on the Prairie’ actress, is still lighting up our screens at 79 years old
The Ingalls family and their life on the farm in Plum Creek near Walnut Grove, Minnesota stole the hearts of many. Viewers were eagerly waiting for each new episode and each new adventure. “Little House on the Prairie” attracted millions of fans and many can’t help but wonder what some of their favorite actors from the show are up to nowadays.
The mom of the family, Caroline Ingalls, or as the children called her, Ma, was portrayed by Karen Grassle who was quickly dubbed America’s sweetheart. Even today, she is known as one of the most iconic American moms in TV history.
As she turned 80, Grassle still stuns with her beauty and acting, although she seemed to disappear from the screens for some time before she turned to her first love, Broadway.
Grassle studied at the University of California, but completed her acting education at the prestigious Royal Academy of Dramatic Art in London.
“That was one of the most exciting learning experiences of my life: the school was superb and we could go to the theater in London and see the finest actors and productions in the English language,” Grassle said, referring to her college life in the U.K.
She recalls how she went to an audition for a role she was looking forwards to get, and when she was turned down, she tried her luck with “Little House on the Prairie” probably not assuming back then that this role would help her shot to fame.
The show premiered on September 11, 1974 and lasted until 1983, but Grassle left it the year before. Producers tried convincing her to continue portraying Ma’s role but she didn’t accept the offer so the show was eventually canceled.
After appearing on stage for many years in classics such as “Cabaret” and “Driving Miss Daisy,” Grassle set up her own theater company. Then in 1994, she stared along Kevin Costner in Wyatt Earp.
Three years ago, Grassle were both uncertain and happy to answer to a challenge and try something completely different from what she has been doing her whole life so she accepted a role in the horror movie Lasso.
“Finally, my son tells me, “Oh just do it, Mom. You’ll have fun! You’ll run screaming in the night!” So, I said, “Okay, I’ll do it.” It’s a total change for me,” she said.
I’m sure this stunning actress still has a lot to offer, despite her age. She looks completely stunning and still takes our breath away.
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