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Dave's Hot Chicken just got acquired for $1Billion!

Author
Lilit Caradanian
Published
Sun 01 Jun 2025
Episode Link
https://podcasters.spotify.com/pod/show/lilitcaradanian/episodes/Daves-Hot-Chicken-just-got-acquired-for-1Billion-e33jmpk

Arman Oganesian is one of the owners of a fast casual restaurant chain, Dave's Hot Chicken, focusing on Nashville-style hot chicken. What started in a parking lot in 2017 with 3 friends and only $900, just got acquired for $1Billion! In just 2 years, they formed an agreement with investor, Bill Phelps, former CEO of Wetzel's Pretzel and movie producer John Davis. Later, celebrity investors such as Drake and Samuel L Jackson jumped on board and have currently expanded to 1000 franchises. Dave's Hot Chicken is your modern day American Dream. Arman tells us their story and how they tipped over the bell curve.

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