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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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)…
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Total News Sources43
Leaning Left4Leaning Right6Center19Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
14%
C 66%
R 21%
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