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FAT Brands Hires First Chief Growth Officer

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has hired its first chief growth officer, Jeremy Theisen. Theisen joins FAT Brands with over 20 years of experience in significantly increasing the revenue stream for high-growth startups in the restaurant sector and will be focused on spearheading the growth of the development pipeline across the FAT Brands portfolio. This includes bringing new franchisees into the system and driving multi-unit expansion with existing franchisees. Prior to joining FAT Brands, Theisen served as chief revenue officer of PathSpot, a hygiene management system …

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FAT Brands Reaches Milestone with 100th Store Opening in 2022

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns restaurant brands including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks and 13 other concepts, has opened a record-breaking 100 new franchised locations so far this year, and is poised for further growth, with approximately 25 additional stores slated to open by year end. This is the first year since the company’s inception in 2017 that it has surpassed 100 openings in a year. Following a year of strategic acquisitions in 2021, the company …

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FAT Brands Inc. to Acquire Nestlé® Toll House® Café by Chip®

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire the franchised chain of stores known as Nestlé® Toll House® Café by Chip® from Crest Foods, Inc. and rebrand the stores as Great American Cookies. The acquisition is expected to increase FAT Brands’ foothold as a leader in the dessert category within the cookie and ice cream spaces, joining its existing Great American Cookies and Marble Slab Creamery brands. Crest Foods currently franchises approximately 85 Nestlé® Toll House® Café by Chip® cafés across the U.S. This acquisition …

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After Historic Development Year, Twin Peaks Plans 20 New Locations in 2022

by Katie Lee

Los Angeles — FAT Brands Inc., parent company of Twin Peaks and 16 other restaurant concepts, has seen Twin Peaks navigate various recent hardships facing the restaurant industry and emerge stronger than before, consistently increasing sales and generating growth over the past 2 years. “Twin Peaks continues to be a leader across all metrics of the casual dining space,” says Joe Hummel, CEO of Twin Peaks. “Our team is relentless in the pursuit to make Twin Peaks a worldwide brand, and we’re so happy about the huge steps we took …

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FAT Brands to Acquire Arizona-Based Native Grill & Wings for $20 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire Native Grill & Wings, an Arizona-based restaurant chain, for $20 million from Wingtime, LLC, a subsidiary of Cybeck Capital Partners, LLC. Marking FAT Brands’ third chicken wing concept, the acquisition of Native Grill & Wings will be funded with cash from the issuance of new notes from the company’s securitization facilities and is expected to close in mid-December 2021. With the acquisition of Native Grill & Wings, FAT Brands will have more than 2,300 franchised and corporate-owned …

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Fatburger and Buffalo’s Express Plan 25 New Co-Branded Locations in Illinois

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Buffalo’s Express and 13 other restaurant concepts, is heading to Illinois with a newly inked deal in partnership with A.D.T.J. Development LLC to open 25 Fatburger and Buffalo’s Express stores throughout the state of Illinois — in particular, in Chicago and the surrounding area. The locations are slated to open over the next 8 years. Both the Fatburger and Buffalo’s Express brands have been populating the West Coast, East Coast and regions in the South. This will …

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FAT Brands Inc. to Acquire Fazoli’s Restaurant Chain for $130 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire Fazoli’s for $130 million from funds under management by Sentinel Capital Partners. This acquisition brings to FAT Brands the largest premium QSR Italian chain in the U.S., and will be funded with cash from the issuance of new notes from the company’s securitization facilities. The transaction is expected to close by mid-December 2021. The planned acquisition of Fazoli’s further speaks to FAT Brands’ recent diversification of its restaurant portfolio, making a foray into the Italian quick-service dining …

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Fatburger Celebrates 100th U.S. Location in Texas

by Katie Lee

Arlington, Texas — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger & Buffalo’s Express, has opened the 100th U.S. location of Fatburger, which is now open in Arlington, Texas. Co-branded with Buffalo’s Express, the restaurant will host a ribbon-cutting ceremony on October 7 to celebrate the milestone. The new location is under the helm of franchisee Maisha Bankhead, who also owns a Fatburger & Buffalo’s Express in North Richland Hills that opened in June 2020. “Expanding Fatburger & Buffalo’s Express’s domestic presence has been a key focus for …

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FAT Brands Inc. Agrees to Acquire Global Franchise Group for $442.5 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire Global Franchise Group, which franchises and operates a portfolio of five quick-service restaurant concepts — Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker — from Serruya Private Equity, Inc. and Lion Capital LLP, for $442.5 million in cash and stock. The transaction is expected to close by the end of July 2021. With the acquisition of GFG, FAT Brands will have more than 2,000 franchised and company owned restaurants …

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FAT Brands Adds 3 Executives to Senior Management Team

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Johnny Rockets and seven other restaurant concepts, has added additional depth to its senior management team with three new hires: Allen Sussman, general counsel; Ken Kuick, chief financial officer; and Rob Rosen, EVP capital markets. “FAT Brands has experienced remarkable growth in spite of the pandemic, opening new restaurants around the world, and we’re not done yet,” says Andy Wiederhorn, CEO of FAT Brands. “Bringing these three talented professionals on-board will bring additional intellectual capital and practical …

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