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.
80s Icon Abandons Hollywood to Raise Son in the Countryside—You Won’t Believe What She Does Now
She never thought a trip to the Berkshires would change her life. After all, she was a big Hollywood star, famous for playing a brave heroine in a hit movie. But fate had other plans for her, leading her to a quiet life in the country, new creative projects, and a fresh sense of purpose.
In 1981, an Indiana Jones film took the world by storm, making a little-known actress an overnight sensation. At just 29 years old, she wowed audiences as a strong, adventurous heroine alongside Harrison Ford. This role would forever secure her place in film history.
In 1981, Karen Allen became famous for her role as Marion Ravenwood in Raiders of the Lost Ark, starring alongside Harrison Ford. At just 29 years old, she brought strength and wit to the screen. The film became one of the biggest hits ever, making her a household name.
Despite her fame, Karen chose a different path from many rising stars. After the success of Raiders, she stepped away from Hollywood and took on smaller, more personal projects. People wondered why she didn’t go for bigger roles, but she knew what she wanted.
Her life changed in 1993 when her son, Nicholas, was three years old. Karen decided to move full-time to the countryside of Massachusetts, leaving behind the fast-paced city life. She felt that staying in one place was better for her and her son, especially as she balanced motherhood and acting.
Karen’s love for the Berkshires started in 1988 during a ski trip with her then-husband, Kale Browne. They found an old barn on 28 acres of land, and even though it was buried in snow, she felt an instant connection to the house. Five years later, they made the move permanent.
The countryside provided the perfect environment to raise Nicholas, who grew up with a love for cooking. He eventually became a chef, with his mom always supporting his dreams. Their strong bond is often shared through their love of food.
While enjoying life in the Berkshires, Karen didn’t leave her creativity behind. She returned to her early love for textiles, a passion she had developed before becoming an actress. In 2005, she opened her business, Karen Allen Fiber Arts, crafting high-quality cashmere items like scarves and sweaters.
Her shop in Great Barrington became a place where she could explore her love for fabric and design. Using a Japanese knitting machine, she created colorful and intricate designs. Karen described her love for textiles as her “first ecstasy” and found joy in this new creative outlet.
In addition to her textile business, Karen converted an old barn into a yoga studio in 1995. She embraced yoga, creating a space for herself and her community. Balancing motherhood, yoga, and her textile work, she found a rhythm that suited her life.
Though Karen kept taking acting roles, her focus shifted to her personal projects. Living in the Berkshires allowed her to reinvent herself, and she embraced this peaceful way of life. She continued acting in select roles in films and theater, while also growing her textile business.
With her son Nicholas thriving in his career, Karen found more time to return to her love for acting. She especially enjoyed theater, which had been her passion from the start of her career. Even now, at 73, she still accepts roles that inspire her.
Her fans haven’t forgotten her. Comments praising her charm and grace continue to flood in, with many still enchanted by her smile and down-to-earth nature. One fan called her “the absolute cutest,” while another admired how beautifully she has aged.
Karen’s ability to balance her acting career, creative passions, and personal life has made her a lasting inspiration. Even after stepping away from the limelight, she remains loved and admired for the choices she made and the grace with which she carries herself.
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