The Future of Bojangles: A Look at the Impact of Private Equity Ownership

Bojangles, the beloved regional fast food chain known for its delicious chicken and biscuits, has undergone a major change in ownership. In 2019, the company was sold to Durational Capital Management LP and The Jordan Group, two private equity firms with plans to take the brand nationwide.

Founded in 1977 by Jack Fulk, Bojangles quickly grew from a single location to over 800 stores by 2024. However, the recent acquisition by private equity firms has raised concerns among fans of the brand. Private equity firms have a history of asset stripping and corporate raiding, which can lead to the downfall of once-thriving companies.

Bojangles has announced plans to expand into supermarkets and introduce a limited menu at new locations, with no bone-in chicken being served. This move is part of their strategy to compete with other fast food chains like Raising Cane’s and Popeye’s. However, there are fears that this rapid expansion could lead to financial difficulties for the company, resulting in higher prices, menu cuts, layoffs, and store closures.

The future of Bojangles as a national brand and local favorite remains uncertain. While the company has stated that there are no plans to change the menu at existing restaurants, the long-term impact of the ownership change is yet to be seen. Fans of Bojangles can only hope that the brand will continue to thrive and maintain its reputation for delicious Southern cuisine.