Wed Jun 11 17:36:15 UTC 2025: Okay, here’s a news article summarizing the provided text:
**News Article:**
**Dave’s Hot Chicken CEO Creates 19 Millionaires After Near Billion-Dollar Deal**
LOS ANGELES, CA – Bill Phelps, CEO of fast-growing Dave’s Hot Chicken and co-founder of Wetzel’s Pretzels, has made headlines after revealing he turned 19 of his employees into millionaires following the sale of a majority stake in the company to a private equity firm. The deal, reportedly valued at close to $1 billion, provided a substantial windfall for the dedicated team members who helped build the popular Nashville hot chicken chain.
Phelps, who previously led Wetzel’s Pretzels, recognized the value of his employees’ contributions and ensured they shared in the financial success of the company. Details regarding the specific roles and tenure of the newly minted millionaires have not been disclosed, but the move is being lauded as a testament to Phelps’ leadership and a refreshing example of shared success in the corporate world. The significant payout highlights the potential for employees to benefit directly from the growth and acquisition of privately held companies. Dave’s Hot Chicken, known for its fiery flavors and rapid expansion, continues to be a major player in the competitive fast-casual dining sector.
First Piper 