Shake Shack To Grow on West Coast
Shake Shack announced on Twitter today that it would open its first Southern California branch next year. New York-based restaurateur Danny Meyer's burger, hot dog and custard chain will rise in the West Hollywood neighborhood of Los Angeles, at the corner of Santa Monica Boulevard and West Knoll Drive.
“We’ve heard from our west coast fans for years that they’d love a Shake Shack in California,” said CEO Randy Garutti. “Los Angeles is one of the greatest cities in the world with a culture like no other. We look forward to being a party of the community.”
Shake Shack debuted in Manhattan's Madison Square Park in 2004 and immediately drew huge lines for its gourmet fast food emphasizing fresh, local ingredients. It has since expanded across the country and around the globe, with a large concentration of stores in the Middle East. The company went public in January and more than doubled its IPO price during its debut trading day, valuing the business at over $1.6B.
