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.
Heartbreaking Decision: Parents Forced to Pull the Plug on 13-Year-Old Daughter After Sleepover Nightmare!
Australia’s Ally Langdon couldn’t hide her sadness when she talked to a mom and dad who had to make the heartbreaking decision to end the life of their 13-year-old daughter.
Their daughter died because of a dangerous social media trend called chroming, and Langdon, who is also a mom, struggled to keep her tears in.
On A Current Affair, Ally Langdon spoke with Andrea and Paul Haynes about their daughter Esra’s tragic death. Esra died after trying a dangerous trend called chroming, where people inhale toxic chemicals to get high.
Esra was remembered as “determined, fun, cheeky, and talented” by the Montrose Football Netball Club, where she was co-captain. She was a young athlete who raced BMX bikes with her brothers and helped her team win a national aerobics championship in Queensland.
Heartbreaking Decision: Parents Forced to Pull the Plug on 13-Year-Old Daughter After Sleepover Nightmare!
Australia’s Ally Langdon couldn’t hide her sadness when she talked to a mom and dad who had to make the heartbreaking decision to end the life of their 13-year-old daughter.
Their daughter died because of a dangerous social media trend called chroming, and Langdon, who is also a mom, struggled to keep her tears in.
On A Current Affair, Ally Langdon spoke with Andrea and Paul Haynes about their daughter Esra’s tragic death. Esra died after trying a dangerous trend called chroming, where people inhale toxic chemicals to get high.
Esra was remembered as “determined, fun, cheeky, and talented” by the Montrose Football Netball Club, where she was co-captain. She was a young athlete who raced BMX bikes with her brothers and helped her team win a national aerobics championship in Queensland.
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On March 31, Esra went to a friend’s house for a sleepover. Sadly, she tried a dangerous activity called chroming, where she sniffed a can of aerosol deodorant. This caused her to go into cardiac arrest and suffer serious brain damage.
“It was just a normal night for her, hanging out with friends,” Esra’s mom Andrea told Langdon in the interview. Her dad Paul added, “We always knew where she was and who she was with. It wasn’t anything unusual… But that night, we got a call no parent ever wants to get: ‘Come and get your daughter.’”
Langdon explains that Esra’s friends thought she was having a panic attack, but after inhaling the deodorant, her body started to shut down and she went into cardiac arrest. None of the friends knew what to do for a cardiac arrest.
When Andrea got to Esra, paramedics were trying to save her and told her that Esra had been chroming, which Andrea had never heard of before.
Esra was taken to the hospital, and her parents hoped she would recover since her heart and lungs were still strong.
After eight days on life support, Paul and Andrea were told that Esra’s brain was too damaged to be fixed, and they had to make the heart-wrenching decision to turn off the machines.
Struggling to find the words, her parents talked about how painful it was to end their daughter’s life.
Esra’s siblings and friends are now on a mission to warn others about the dangers of chroming, a dangerous trend that led to Esra’s death. Chroming involves inhaling things like deodorant to get high, and it caused Esra to go into cardiac arrest.
Esra’s dad said it was incredibly hard to bring family and friends to the hospital for their final goodbyes. “It was so hard to say goodbye to her,” he said. “We laid with her and hugged her until the end.”
Seeing the parents’ pain, Ally Langdon, who has two young kids of her own, couldn’t hold back her tears.
Since Esra’s death in early April, Paul says the family is completely “broken” and Esra’s siblings, Imogen, Seth, and Charlie, are all devastated. Paul said, “It’s been the hardest, most traumatic time for us. We haven’t been sleeping, eating, or smiling. It’s not just affected us, but the whole community.”
Paul and Andrea didn’t know about chroming before it took their daughter, but now they want to raise awareness about this dangerous trend. Chroming uses everyday products like deodorant, paint, or hairspray to get high, and it can cause serious health problems or death.
Paul wishes he had known about chroming so he could have warned Esra. “If we had known about it, we would have talked to her about it,” he said.
Paul plans to help other parents learn about chroming so they can talk to their kids about it and keep them safe. “Parents need to talk to their children about these dangers,” he said.
Since 2009, chroming has caused many deaths in Australia and around the world. It can lead to seizures, heart attacks, suffocation, and more.
Paul said, “We will always remember what we saw. It broke our hearts.”
Please share this story to help other parents learn about the dangers of chroming and protect their children.
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