[Stepfordct]

Originally Posted by JayCT

People keep talking about Fred Deluca but keep forgetting the other owner of Subway, Dr. Peter Buck. Buck is who financed Deluca’s first restaurant in Bridgeport in 1965 and he has been an integral but less public part of the company since. A lot of what will happen depends on him and how he wants the company to be run. Jay

Mentioned the 2 families earlier.....Fred was the face and pretty much ran everything.
Peter has not been in the best health for a long time.
Family really doesn't want to be involved day to day on either side.

The good news is they have multi generational wealth and are fine regardless what they do.
That said while they take their time thinking what's best for them the company has been a sinking ship effecting a great many others.

[BobNJ1960]

Originally Posted by Stepfordct

Mentioned the 2 families earlier.....Fred was the face and pretty much ran everything.
Peter has not been in the best health for a long time.
Family really doesn't want to be involved day to day on either side.

The good news is they have multi generational wealth and are fine regardless what they do.
That said while they take their time thinking what's best for them the company has been a sinking ship effecting a great many others.

The good news is, despite the horrible last 12 months there for staff, no matter what, we had a nice long run with their hq here.

Worst still, I must admit seeing the 1st "submarine shop" as my aunt lived nearby. Hate to admit I was old enough for that.

It is long past the time when generation 1 of ownership matters. One being dead, one being elderly.

[jdhall1]

A few things of interest in Danbury
-flooring and decor to open in the spring, take over where bobs store and pilgrim city was after bobs was empty for a few years

-new Chipotle opening on newtown road maybe in early summer where friendlys was closed for a few years

-local restaurant opened in the fall taking over brio at the mall

-car dealership under review at old sports authority site

-new apartment building downtown to open bu December taking over where the news times building was

-good amount of commerical leasing on Danbury westside

-real estate demand is very strong with lots of deposits underway at the large toll brothers devolpment

[SteveM85]

Originally Posted by Stylo

I have some friends at Subway and they'd never move to Florida. They'd just move on.

Yeah, you don't relocate for Subway. Maybe Schick Edgewell.
Subway's best days are behind it, but it still has a place in the market. Great to see front office corp remain in the US.

[BobNJ1960]

Originally Posted by SteveM85

Yeah, you don't relocate for Subway. Maybe Schick Edgewell.
Subway's best days are behind it, but it still has a place in the market. Great to see front office corp remain in the US.

On the bright side for those relocating, Jet Blue is adding a Bradley to Miami route.

Subway has indicated many will not be offered a shot to transfer, btw. I realize they do not pay well, but some of the jobs they have are high skilled, do pay well, and do not have equal opportunities nearby in the industry. We only have 1 restaurant hq in the region.

[JayCT]

State legislators are examining the proposed sale of the Hartford Courant’s parent company, Tribune Publishing, to Alden Capital. Because the Hartford Courant has a state business charter from 1887 that was last revised in 1951 and the publication dates back to 1764, there’s precedent that the state could act to prevent Alden from not acting in the public’s best interest. An unusual bill is being considered to give the state say in the publication’s corporate and financial structure thus preventing Alden from adding debt or wringing money from the newspaper. Interesting idea. Hopefully that can save it. Jay

https://www.courant.com/politics/hc-...7vy-story.html

[BobNJ1960]

Short of a non venture capitalist seeing the paper as economically viable, the Courant's fate is sealed.

With the rest of the Ct newspaper association against this government coup, it will not succeed. Nor should it.

I hate Alden capital and almost all vc or pe are wrecking havoc nationally, but the way to avoid this is to stay financially viable, and overall, journalism (print) has failed at that task.

[BobNJ1960]

New automat chain going to open in New Haven, plus 4 other, undisclosed Ct locations.

https://patch.com/connecticut/across...ng-connecticut

[ayoskillz]

Originally Posted by BobNJ1960

New automat chain going to open in New Haven, plus 4 other, undisclosed Ct locations.

https://patch.com/connecticut/across...ng-connecticut

Once these concepts get big these are going to destroy the restaurant field. I know at some burger places in cali they already fired cooks because they have burger flipping machines. I guess its good if you choose to go to school to be able to work on these types of things.

[BobNJ1960]

Originally Posted by robr2

Yep, Stuart Bainum, Jr. He and his wife also signed the Giving Pledge.

He made an offer to buy entire Tribune corp, but not considered as he only was pledging 10% of cost via his own money, and his bid to buy the Baltimore paper fell through also due to disagreements over how it would be run during the transition.

I suspect, based on that, Alden will get their prey.