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'Bo Time' to Sell? Charlotte Fried Chicken Chain Exploring $1.5B Deal: Report
- Charlotte-Based Bojangles is reportedly considering a possible sale that could value the company at more than $1.5 billion.
- The potential sale follows Bojangles’ acquisition in 2019 by private equity firms Durational Capital Management and TJC for $590 million, reflecting growth in the fried chicken market.
- Bojangles operates nearly 800 restaurants across 17 to 20 states and has introduced innovations such as a revamped mobile app and a virtual drive-thru assistant, while also planning to open 30 new locations in the Los Angeles area.
- Chicken sales rose 9% from last year, and Bojangles’ value could be more than three times its 2019 purchase price, though sources say the company might decide not to sell.
- This possible sale and increased valuation suggest strong market interest and growth potential for Bojangles, but the company has not commented publicly, and no decision is confirmed.
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Fried chicken chain eyes $1.5b deal days after sale of Dave's Hot Chicken
A BELOVED fried chicken chain is exploring a sale that could value the company at more than $1.5 billion, according to reports. Rumors of a potential transaction comes just days after the parent company of Subway, Roark Capital, bought Dave’s Hot Chicken. GettySubway’s parent company bought a $1 billion stake in Dave’s Hot Chicken (stock image)[/caption] GettyAnother fried chicken chain is also looking at a potential sale this month (stock image…
·New York, United States
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Coverage Details
Total News Sources15
Leaning Left1Leaning Right2Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 20%
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