Keeping a marriage strong can sometimes feel like navigating a maze of complexities. But let’s lighten the mood with a joke that offers a humorous take on the dynamics between husbands and wives.
Picture this: a preacher, during his sermon, drops a zinger. He says: “If you know your wife is calling the shots, shift to the left”.
Now, here’s where it gets amusing. Every man in the congregation, save one, swiftly shuffles to the left. The preacher, seeing this, can’t help but feel a sense of relief that there’s at least one man who’s not under the thumb of his wife.
So, he decides to investigate, asking the lone ranger: “How come your wife isn’t pulling your strings like the rest?”
With a serene smile, the man replies: “Simple. My wife told me not to budge”.
Subway makes Big Announcement about its future, after 58 years they are…
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.
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