Panda Express does not own Canes or Raising cane's
Panda Restaurant Group, which is the parent company of Panda Express, has a franchise agreement though with Raising Cane's to operate locations in Alaska and Hawaii.
What this means is that Panda Express can open and run Raising Cane's restaurants in those regions as a franchise but they don't own the Raising Cane's brand.
The person that owns Raising Cane's is Todd Grave's who is the founder and the CEO of Raising Cane's.
Todd Graves is the owner and founder and CEO or Raising Cane's and is a billionaire.
Todd Graves has a net worth of over $9.5 billion dollars.
In 2025, Todd Graves Network was estimated at $11.5 billion by Bloomberg and Forbes reports Todd Graves net worth is $17.2 billion dollars.
Todd Graves owns the majority stake in Raising Cane's which has contributed significantly to his wealth.
Todd Graves co founded Raising Cane's Chicken Fingers with Craig Silvey in 1996.
Silvey's involvement in Raising Cane's is less prominent now, but Todd Graves remains the majority owner and public face of the brand.