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

by Katie Lee November 2, 2021

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 …

November 2, 2021

franchise development News restaurants

Fazoli’s Plans 5 New Restaurants in Columbia, South Carolina

by Katie Lee December 13, 2018

Lexington, Ky. — Fazoli’s, an elevated QSR Italian chain, has signed a multi-unit deal with new franchisee Impact Hospitality Group. In addition to acquiring two existing locations in Columbia, S.C., the group also plans to develop five additional restaurants in and around the Columbia area over the next few years, with the first location slated to open in 2019.

December 13, 2018

franchise development News people restaurants

Fazoli’s Continues Growth Momentum, Adds to Development Team

by Katie Lee October 9, 2018

Lexington, Ky. — Fazoli’s has signed two multi-unit development agreements for eight new locations in Georgia and Arkansas; additionally, the company has welcomed franchise and foodservice veteran Kathy Davidson as its new senior director of franchise sales.

October 9, 2018

franchise development News restaurants

Fazoli’s Continues 2018 Openings and Successful Market Relaunches

by Katie Lee August 1, 2018

Lexington, Ky. — Fazoli’s has successfully opened over seven new restaurants in the first half of the year, with plans to open up to five additional locations by the end of the year — setting the brand up to achieve its highest number of openings in nearly 10 years.

August 1, 2018

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Fazoli’s Adds 3 Franchise Veterans to Executive Team

by Katie Lee November 20, 2017

Lexington, Ky. — Fazoli’s, America’s largest fast-casual Italian chain, has appointed three industry veterans to the company’s corporate leadership team: Jeff Sturgis as chief development officer, Rodney Lee as chief financial officer and Jodie Conrad as vice president of marketing.

November 20, 2017

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Fazoli’s Expanding With New Locations in Travel Centers

by Katie Lee April 13, 2017

Lexington, Ky. — Fazoli’s, America’s largest fast-casual Italian restaurant brand, has signed an agreement with the TA Restaurant Group, a division of TravelCenters of America LLC (TravelCenters), operator of the TA® and Petro Stopping Centers® travel center brands, to bring its restaurants to highway travelers across the country.

April 13, 2017

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Fazoli’s Names New Chief Financial Officer

by Katie Lee February 8, 2017

Lexington, Ky. — Fazoli’s has made three new appointments within its corporate finance department, including the hiring of David Hasler as chief financial officer. Hasler spent the past 10 years in finance roles with Walmart, most recently as senior director of global treasury.

February 8, 2017

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Fazoli’s To Open First Restaurant in South Dakota

by Katie Lee January 3, 2017

Lexington, Ky. — Fazoli’s, America’s largest fast-casual Italian chain, has signed a lease agreement for the first restaurant in Sioux Falls, S.D., located at 4224 West Empire Place across from the Empire Shopping Gallery. The new restaurant, which will be owned and operated by SD Faz I, LLC, is slated to open summer 2017.

January 3, 2017

franchise development News restaurants

Fazoli’s To Open 22 New Restaurants Nationwide

by Katie Lee August 10, 2016

Lexington, Ky. — Fazoli’s, America’s largest fast-casual Italian chain, experienced a record-breaking month in July with the signing of nine multi-unit and single-unit franchise agreements to develop 22 new restaurants nationwide.

August 10, 2016