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.

Melissa Gilbert left Los Angeles for a simple cottage life in the Catskills: See inside her happy life now

It is truly amazing when child actors grow up in front of the eyes of the audience. We see them become stars and celebrate their every success as though it’s our own.I bet most of you remember the children of the Ingalls family from Little House on the Prairie. If you do, you must be wondering where they are today and what they are up to.The second oldest daughter of the family, Laura Ingalls, was played by actress Melissa Gilbert, who captured the hearts of the fans and became an acting sensation almost overnight. Well, more or less like the rest of the cast. Melissa was featured in commercials and had some minor roles before taking the part in Little House on the Prairie. During the run of the series, she played parts in other films including The Diary of Anne Frank and The Miracle Worker.

Born on on May 8, 1964, in Los Angeles, California, Melissa was given up for adoption by her parents who each had three children from their previous marriages and feared they couldn’t provide for another child. Melissa was lucky to be welcomed into the life of her adoptive parents, actor Paul Gilbert and actress/dancer Barbara Crane, from whom she learned all about the entertainment business.

In 2015, Melissa took a role in the short film One Smart Fellow, and played in Secret and Lies and The Night Shift some years before. She is also a writer. Her autobiography Prairie Tale: A Memoir speaks of the period of her life during the famous series.

As she goes back to the time of filming the series, she recalls she had a fun time with the rest of the crew.Portraying a girl living on a farm seemed exciting back then, and it looks like Melissa got to love that way of living so she and her husband, actor-director Timothy Busfield, moved from Michigan to new home in New York a few years ago and even bought a hunting cabin and considered getting chickens and building a barn for goats and horses, she revealed during a virtual Television Critics Association panel focusing on the PBS American Masters biography “Laura Ingalls Wilder.” However, the coronavirus pandemic forced them to put their plans on hold.

Today, however, they do live in the cabin and their days seem picture perfect. The place needed a full renovation, but despite the challenges, they were determined to turn the place into a comfortable home.

The first step was getting rid of the staff the previous owners left there. Next, they needed to get rid of the rodents and mildew and fix the plumbing.

They refurbished the cabinets, installed red vinyl chairs, and heated the house with a wood fire.

Gilbert and her husband grow their own fruits and vegetables.

The actress loves her peaceful home and the challenges that living at such a place brings. She copes with her responsibilities with a smile on her face and enjoys a cup of tea at the end of each day.