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Dave's Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal
- Roark Capital has acquired a majority stake in Dave's Hot Chicken for a deal valued at $1 billion.
- This acquisition marks Roark Capital's first restaurant deal since purchasing Subway for $9.6 billion in 2023.
- The company has sold licensing rights for over 1,000 locations in the U.S., Canada, and the Middle East.
- The founders will remain involved in growing the brand, as reported by the Associated Press.
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42 Articles
42 Articles
Dave's Hot Chicken Sold for $1 Billion to Subway Private Equity Owner, Roark Capital - RetailWire
In a major move that signals both confidence and ambition, Dave’s Hot Chicken has been acquired for $1 billion by Roark Capital, the same private equity powerhouse behind Subway and Dunkin’. This milestone marks the latest chapter in one of the most impressive fast-casual success stories in modern restaurant history. From a Parking Lot Dream to a Billion-Dollar Brand View this post on Instagram A post shared by DavesHotChicken (@daveshotchicken)…
Dave’s Hot Chicken acquired in $1bil deal as UK expansion begins
Dave’s Hot Chicken, the cult-favourite fried chicken chain backed by rapper Drake, has been acquired by Roark Capital in a deal reportedly worth over $1 billion, just as the brand begins its expansion into the UK.

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Coverage Details
Total News Sources42
Leaning Left5Leaning Right6Center20Last Updated65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 16%
C 65%
R 19%
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