Anyone order a hotline wing?
Drake has expanded his entrepreneurial horizons this week, buying a minority stake in fried chicken chain Dave’s Hot Chicken.
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According to bloombergDrake will own less than 50 percent of the company, which currently has 22 stores open, most of them in California. However, they reportedly aim to open 25 more stores around the US by the end of 2021.
In an Instagram post, representatives of the chain wrote “Started from the bottom up now we are here…Welcome to Dave’s Hot Chicken family @champagnepapi”.
in a statement made to bloomberg, Drake said, “I tried the food and it was amazing. After meeting with the founders and hearing their story, I jumped at the opportunity to invest.”
The chain, previously backed by investors such as Samuel L. Jackson and Boston Red Sox chairman Tom Werner, said they had invested more than US$10 million in development in the US. 2021 has seen them have an estimated net loss of USD 1.9 million so far on revenue of around USD 9.1 million.
The investment comes just weeks after Drake released his latest album ‘Certified Lover Boy’, which came out earlier this month. With the album, Drake managed to match the record set only by The Beatles before him, as he held every track in the top five of the Billboard Hot 100. He also became the first artist to have 90 percent of the top 10 of the charts. , Justin Bieber and The Kid Laroi’s ‘Stay’ is the only song not by Drake to make the top 10.
Most recently, the Canadian superstar made a surprise appearance at London’s Wireless Festival, performing several songs alongside Future during the latter’s headlining set.