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Friday, October 7, 2022
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Rapper Drake Becomes Investor in Hot Chicken Restaurant

Business

Image from Billboard.com

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According to Bloomberg, Drake has made an investment in Dave’s Hot Chicken. This comes after the spicy chicken company opened an outlet in Far North Dallas.

Dave’s Hot Chicken has become a staple across the United States. After its first launching in Los Angeles in 2017, the spicy chicken company has since expanded into twenty-two restaurants, including one in Far North Dallas. On May 28, 2021, it opened its doors at 14750 Preston Road, Dallas.

Dave’s Hot Chicken has had famous investors, including Boston Red Sox Chairman Tom Werner and actor Samuel L. Jackson, according to Bloomberg. Movie producer John Davis and co-founder of Wetzel’s Pretzels Bill Phelps are also reportedly helping to scale the business across North America. Now Drake has joined the company’s investors and is helping grow the business with a minority investment.

“I tried the food, and it was amazing,” Drake said in a statement explaining how he became a part of the business. “After meeting the founders and hearing their story, I jumped at the opportunity to invest,” he continued.

The company has not disclosed the terms of Drake’s minority stake.

Dave’s is owned by a group of four Armenian men who named the company after one of their four founders, chef Dave Kopushyan. When the company began operation in Dallas in May 2021, its leaders told The Dallas Morning News that they had sold franchise rights to open 405 outlets across the United States. They also shared plans to expand into Grand Prairie, East Dallas, and Richardson, and have announced plans to open in Plano soon.

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