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.
A Man Born With No Jaw Finds Love, but Their Relationship Sparks Heated Controversy: “She Can’t Kiss Him!”
In a profoundly inspiring story of love and determination, Joseph Williams defied seemingly insurmountable odds to find not just love, but an enduring and unbreakable connection with Vania. Their journey, marked by initial uncertainties and obstacles, ultimately led to a heartwarming union in 2020.
Williams encountered many challenges and faced repeated rejections.
Born with otofacial syndrome, Williams endured a lifetime of bullying and isolation until he found the love of his life. Despite ongoing criticism, the couple is now happily married and has emerged from these challenges even stronger. Unable to speak or chew due to his disability, Williams communicates through sign language and relies on a feeding tube.
The love he experiences with his wife has reignited his self-esteem following years of feeling worthless. This has motivated him to advocate for embracing life despite differences. He expressed fervently, “I understand that I am different and that some people will think I am ugly and not accept me, but I am still a person who has a heart, feelings, and a brain. I should be treated with respect, just as anyone else should be.”
During difficult times, love persists.
Joseph prefers to receive questions rather than stares regarding his condition. He emphasizes the importance of independence, as he experienced excessive protectiveness during his youth. His adoption stemmed from his birth mother’s surprise at his condition, yet he remains steadfast in not letting it define or limit him.
Despite enduring difficult treatments such as bone and skin grafts along with jaw reconstruction, Joseph faced self-esteem challenges in his youth, fearing a life of isolation. However, in 2019, he met Vania, who would become his wife. Their relationship started as friends and evolved into a deep and meaningful love story.
Curiosity blossomed into a deep love that bound them together.
When Vania first encountered Williams at her workplace, she was intrigued but uncertain about how to approach his condition. Eventually, she learned about it through someone else. Williams had faced various reactions to his condition, from curious stares to people avoiding him out of discomfort.
Despite these challenges, Joseph and Vania forged a deep bond. Their friendship gradually evolved into a romantic relationship, though Vania initially struggled with feelings of embarrassment. Over time, she fully embraced him for who he was. They communicate using a text-to-speech app and sign language. When Vania’s mother, Janice, first met Williams, she was initially surprised but curious about his condition.
Despite initial uncertainties, their love triumphed.
Vania’s mother expressed her admiration, saying, “He’s a remarkable man. He does things that, you know, normal men don’t do. He’s a hard worker, for one, he’s attentive to Vania. He cares about her, he loves her, and she loves him.”
Despite initial doubts, Williams and Vania got married in 2020, supported by her parents and his loved ones.
Their relationship has sparked various opinions from people, with many making assumptions about them. Some have commented, “She can’t kiss him,” or “She must be cheating on him.” However, their unwavering determination and deep love for each other have never stopped them from pursuing their dreams, proving that love conquers all and prevails above all else.
Their story is a testament to the immense power of love to overcome obstacles and defy societal expectations. Through highs and lows, doubts and triumphs, they have forged a remarkable bond that will endure a lifetime.
Countless other stories similarly demonstrate that love is an unstoppable force capable of conquering any adversity.
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