Overview

• The acquisition was finalized on June 4, 2025, valuing the fast-casual chain at approximately $1 billion.
• Founders Arman Oganesyan, Dave Kopushyan, Tommy Rubenyan and COO Jim Bitticks will keep minority stakes and continue to lead the brand.
• Since its 2017 launch with a $900 investment, Dave’s Hot Chicken has expanded to 315 locations across North America, Europe and the Middle East.
• The chain generated over $600 million in systemwide sales in 2024 and expects to push revenue toward $1.2 billion this year.
• According to Technomic, chicken chain sales in the US grew 9% last year, with fast-casual chicken brands like Dave’s seeing a 24% surge.