Archive
Every breakdown
One business, industry or financial structure per week, taken apart until it is clear who profits and who loses. 3 so far.
8:5603 · Coworking real estate · Sep 19, 2026
Why Did WeWork Collapse From a $47 Billion Valuation to Bankruptcy?
WeWork was valued at $47 billion in January 2019 and filed for Chapter 11 in 2023 owing $18.6 billion. Here is the lease mismatch that actually broke it.
8 deals tracked7 questions answered19 sources
8:3202 · Car wash · Sep 19, 2026
Who Owns America's Car Wash Chains and Why Is Private Equity Buying?
Build costs, membership revenue and the real deal figures behind the car wash roll-up — including Mister Car Wash's $3.1 billion take-private and the ZIPS bankruptcy.
6 deals tracked7 questions answered8 sources
9:5901 · Restaurant franchising · Sep 5, 2026
Who Owns Subway, Dunkin' and Arby's? Inside Roark Capital's Roll-Up
Roark Capital quietly owns at least 19 restaurant brands, from Subway to Dunkin' to Arby's. How the franchise royalty roll-up works — and where it has failed.
12 deals tracked7 questions answered7 sources
Every deal mentioned across these pieces lives in the Roll-Up Tracker.