Latest news with #Nashville-style
Yahoo
a day ago
- Business
- Yahoo
Elk Grove to welcome 2 new fast food chain locations
( — Two fast food chains, Jollibee and Angry Chickz, announced they will soon be opening up their first locations in the Elk Grove area, according to officials. Video Above: City of Woodland celebrated the grand opening of Woodland Regional Park Preserve (May 17) In an Instagram post, The Ridge Elk Grove shopping center announced in early May that the Filipino-inspired fast-food chain Jollibee will be opening at their location later this year. 'Our mouths are already watering as we count down the days until we can snack on some of their famous fried chicken…' said the shopping center's Instagram post. Details on when the location will be opening are yet to be released. This will be the second Jollibee location in the Sacramento area. Additionally, fast food chain Angry Chickz announced the addition of their location at the Elk Grove Commons shopping center at the corner of Elk Grove Boulevard and Bruceville Road. The Nashville-style hot chicken will be the first in Elk Grove, making it the 27th location in California and the 30th system-wide. Firework safety precautions as Lodi police crack down on the use, sales of illegal fireworks 'We're excited to open our 30th location in Elk Grove,' said David Mkhitaryan, founder and CEO of Angry Chickz. 'This community has an incredible energy, and we can't wait to not only introduce our craveable menu and an unforgettable dining experience, but also build real connections with the people who make this city special.' More information on Jollibee can be found on their website. More information on Angry Chickz can be found here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
New York Post
a day ago
- Business
- New York Post
Dave's Hot Chicken sold to Subway owner in $1 billion deal
Dave's Hot Chicken said Monday it has been acquired by the private equity firm Roark Capital in a deal valued at $1 billion. Dave's Hot Chicken got its start in 2017 as a popup in a Los Angeles parking lot. It has grown exponentially since then and expects to end this year with 400 restaurants worldwide. The brand specializes in Nashville-style hot chicken. 3 Dave's Hot Chicken was bought by private equity firm Roark Capital for $1 billion. AP 3 Dave's Hot Chicken was started in 2017 as a popup in a Los Angeles parking lot. AP Investors in Dave's Hot Chicken have included the rapper Drake, who gives away hot chicken sliders every year on Oct. 24, his birthday. Atlanta-based Roark specializes in franchised businesses. It bought the Subway sandwich chain in 2023 and backs two holding companies that own multiple restaurant chains: Inspire Brands, the parent of Arby's, Dunkin', Jimmy John's, Sonic and Buffalo Wild Wings; and GoTo Foods, which owns Auntie Anne's, Carvel, Cinnabon and Jamba. Dave's Hot Chicken said its leadership team — including CEO Bill Phelps and the four childhood friends who founded the company — will remain and continue to lead menu innovation, food quality, operations and marketing. 3 Atlanta-based Roark bought the Subway sandwich chain in 2023. Christopher Sadowski 'Our entire organization is excited about the fit between Dave's Hot Chicken and Roark, and we're looking forward to continuing to blow our guests' minds and unlocking growth and value for our franchise partners,' Phelps said in a statement.
2 days ago
- Business
Dave's Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal
Dave's Hot Chicken said Monday it has been acquired by the private equity firm Roark Capital in a deal valued at $1 billion. Dave's Hot Chicken got its start in 2017 as a popup in a Los Angeles parking lot. It has grown exponentially since then and expects to end this year with 400 restaurants worldwide. The brand specializes in Nashville-style hot chicken. Investors in Dave's Hot Chicken have included the rapper Drake, who gives away hot chicken sliders every year on Oct. 24, his birthday. Atlanta-based Roark specializes in franchised businesses. It bought the Subway sandwich chain in 2023 and backs two holding companies that own multiple restaurant chains: Inspire Brands, the parent of Arby's, Dunkin', Jimmy John's, Sonic and Buffalo Wild Wings; and GoTo Foods, which owns Auntie Anne's, Carvel, Cinnabon and Jamba. Dave's Hot Chicken said its leadership team — including CEO Bill Phelps and the four childhood friends who founded the company — will remain and continue to lead menu innovation, food quality, operations and marketing. 'Our entire organization is excited about the fit between Dave's Hot Chicken and Roark, and we're looking forward to continuing to blow our guests' minds and unlocking growth and value for our franchise partners," Phelps said in a statement.
Yahoo
3 days ago
- Business
- Yahoo
Dave's Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal
Dave's Hot Chicken said Monday it has been acquired by the private equity firm Roark Capital in a deal valued at $1 billion. Dave's Hot Chicken got its start in 2017 as a popup in a Los Angeles parking lot. It has grown exponentially since then and expects to end this year with 400 restaurants worldwide. The brand specializes in Nashville-style hot chicken. Investors in Dave's Hot Chicken have included the rapper Drake, who gives away hot chicken sliders every year on Oct. 24, his birthday. RELATED: Dave's Hot Chicken opens in Middletown Atlanta-based Roark specializes in franchised businesses. It bought the Subway sandwich chain in 2023 and backs two holding companies that own multiple restaurant chains: Inspire Brands, the parent of Arby's, Dunkin', Jimmy John's, Sonic and Buffalo Wild Wings; and GoTo Foods, which owns Auntie Anne's, Carvel, Cinnabon and Jamba. Dave's Hot Chicken said its leadership team — including CEO Bill Phelps and the four childhood friends who founded the company — will remain and continue to lead menu innovation, food quality, operations and marketing. 'Our entire organization is excited about the fit between Dave's Hot Chicken and Roark, and we're looking forward to continuing to blow our guests' minds and unlocking growth and value for our franchise partners,' Phelps said in a statement. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Miami Herald
3 days ago
- Business
- Miami Herald
Popular chicken chain shares, massive expansion plan
Some may question if the chicken came before the egg or vice versa, but in this case, chicken is undoubtedly the correct answer. Don't miss the move: Subscribe to TheStreet's free daily newsletter Today's consumers clearly prefer chicken, and food chains are starting to catch on to this trend, investing in these efforts to prevent their rivals from leaving them behind. Related: Popular chicken chain brings back beloved menu item after 7 years A growing chicken craze has emerged in the food industry, with major players like Chick-fil-A, Raising Cane's, McDonald's (MCD) , and Restaurant Brands International's (QSR) Burger King and Popeyes focusing on launching new chicken-based products to dominate the market and boost sales. However, many weren't expecting an emerging chicken chain to quietly take over clients and successfully get them to consume its chicken rather than sticking with the decades-old giants. TheFounded in a California parking lot in 2017 by a small group of friends, Dave's Hot Chicken is an American fast-casual restaurant popular for its Nashville-style hot chicken. This chicken chain quickly gained popularity among consumers. In only eight years, it has grown to over 270 locations across the U.S., Canada, the UK, and the Middle East, generating around $1 billion in annual sales. Related: Popular fast-food burger chain to open first store in new market Rumors began swirling in February that Dave's Hot Chicken was in talks with Roark Capital to be acquired for around $1 billion, as The Wall Street Journal reported. This business move didn't seem far-fetched since it would align with Dave's Hot Chicken's ambitious expansion plan to reach over 400 restaurants worldwide by the end of 2025. After a few months of speculation, it was revealed that Roark Capital had sealed a $1 billion deal with Dave's Hot Chicken to acquire a majority stake in the chicken chain. Neither party has publicly disclosed financial details about the deal. However, Dave's Hot Chicken's leadership team will continue operating the brand. More Food News: McDonald's brings back unexpected breakfast item after 6 yearsWalmart makes deal to open popular food chain in storesStarbucks makes major change in rewards program loyal fans will hate This deal will allow Dave's Hot Chicken to expand its footprint into more nontraditional domestic units, such as airports, malls, and campuses, with the help of franchisees. It will also give it the boost it needs to reach new markets, like Europe and Asia, which it sees great potential in and has wanted to do since opening its first location in the UK last year. Roark Capital is a major player in the food industry and owns popular brands and companies like Arby's, Culver's, Sonic, Dunkin', and Subway. This billionaire deal aims to accelerate Dave's Hot Chicken's growth, and with Roark Capital's extensive portfolio, the chicken chain looks to be in good hands. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
