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 controversial statement made by an online influencer is that she is “too pretty” to work for the rest of her life.
With a recent TikTok post, well-known influencer Lucy Welcher, who has a sizable online following, started a social media firestorm. The dispute? Welcher said she is “too pretty” to work in a conventional setting.
The Influencer’s Backlash and the Go-Viral Video
Welcher, who is well-known for her opulent lifestyle videos, expressed her dislike of working a regular nine to five job in the now-deleted video. She bemoaned the thought of having to get up early every day and asked herself if her attractive appearance was a match for the grind. Many viewers found offense at this careless comment.
The influencer received a lot of backlash for her post. Welcher came under fire from commenters for being conceited and superficial. They emphasized the value of having a strong work ethic and the erroneous belief that someone’s beauty should absolve them of social responsibility. A user satirically pointed out Welcher’s conceited sense of importance, while another drew attention to the discrepancy between work ethic and attractiveness.
Welcher tried to douse the fires when he saw the outcry. She said she was being unfairly targeted, so she removed the old video and uploaded a new one. She answered online accusations about her lifestyle with a sarcastic response. She refuted rumors that she lived in a home, had expensive automobiles, or earned enormous sums of money.
A Second Opinion: Comedy or Ongoing Debate?
A few days later, Welcher uploaded a “remake” of the original video, as if reveling in the publicity. This time, some viewers took her words as a joke, which resulted in a more positive response. Supporters flocked to the influencer’s defense; some even jokingly agreed with the idea that one’s beauty serves as an excuse to avoid work.
Reimagining of the most despised video I’ve ever created: #SephoraGiveOrKeep #workable #funny
The difficulties with humor on social media are made clear by this episode. Welcher’s initial video didn’t go well because it lacked context. The incident serves as a reminder of how easily messages can be misconstrued while communicating online, emphasizing the importance of being explicit in all communications, even when comedy is included.
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