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Stock impact report

James Beard Award Winning Chef Opens Donut & Chicken Franchise That's Taking Off [Forbes]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Forbes
In Philadelphia, foodies know Israeli-born chef Michael Solomonov for his James Beard Award winning restaurant Zahav and he's also a fixture in Brooklyn where he co-runs with Steve Cook, a former investment banker turned restaurateur, Laser Wolf and Faffa Cocktail & Raw Bar. But Solomonov and Cook combined to open a different kind of restaurant, the fast-casual, Federal Donuts & Chicken in 2011, that has expanded to 10 locations around Philadelphia including two arena stands. And now with capitalization in 2022 from NewSpring Franchise, a private equity firm, Federal Donuts & Chicken is opening three new franchised Pennsylvania locations. In March it debuted its first franchised outlet in Las Vegas at the Red Rock Casino Resort & Spa. Solomonov and Cook said the idea for the chicken and donut menu sprang from late night discussions between them after work at the Korean fried chicken joint Café Soho in North Philly. The duo viewed “donuts and fried chicken as iconic foods, and the Show less Read more
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