Saturday, November 23, 2024
Read the Magazine Subscribe

fat brands

Newsrestaurants

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 …

Continue Reading
0 FacebookTwitterPinterestEmail
Newspeoplerestaurants

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 …

Continue Reading
0 FacebookTwitterPinterestEmail
franchise developmentNewsrestaurants

Hurricane Grill & Wings Makes Debut in California

by Katie Lee

Chula Vista, Calif. — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Hurricane Grill & Wings and eight other restaurant concepts, has opened Hurricane Grill & Wings in Chula Vista, Calif. This marks the restaurant brand’s first location in California and its first fast-casual restaurant concept nationwide. “We are excited to expand fan-favorite Hurricane Grill & Wings into the California market,” says Andy Wiederhorn, CEO of FAT Brands. “While we have had great success with our full-serve model, we see a huge appetite and demand for a fast-casual experience …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsrestaurants

FAT Brands Plans to Acquire Johnny Rockets for $25 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire the Johnny Rockets restaurant chain from an affiliate of private equity firm Sun Capital Partners, Inc. for approximately $25 million. The deal will be funded through cash on hand and proceeds generated from the company’s securitization facility. The purchase is expected to be completed in September 2020. With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company-owned restaurants around the globe. Johnny Rockets was founded in 1986 with its first location …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsrestaurants

Fatburger Food Truck Resumes Free Meals for Healthcare Heroes Initiative

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. is resuming its “healthcare heroes initiative” by bringing its Fatburger “Fatmobile” food truck to local hospitals to cook fresh, tasty meals for healthcare workers across the L.A. region. During the pandemic in April and May, the Fatmobile made stops at dozens of area hospitals serving up a total of 25,000 meals for local healthcare heroes. Now, as cases have started to rise in L.A. and the surrounding area, Fatburger plans to dish out an additional 10,000 meals to healthcare heroes. “Since …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsrestaurants

FAT Brands Completes Acquisition of Elevation Burger

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has successfully completed the acquisition of Elevation Burger for $10 million, which was funded through a combination of sellers’ notes and cash. With the acquisition, FAT Brands now franchises more than 400 restaurants around the world with annual system-wide sales exceeding $400 million. Elevation Burger was originally conceived in 2002 by Hans Hess as a healthier burger offering. Delivering authentic, sustainably prepared food, Elevation Burger offers grass-fed, free-range options that are better for consumers and for the environment. Elevation Burger franchises …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsrestaurants

Co-Branded Fatburger and Buffalo’s Express Debuts Remodeled HQ Location in Beverly Hills

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, has opened its newly remodeled location in Beverly Hills, Calif. This co-branded Fatburger and Buffalo’s Express restaurant is located steps away from FAT Brands’ headquarters and opened in late March. Fatburger, the beloved Hollywood burger chain, maintains and upholds its unique L.A. culture and trademark menu offerings crafted by founder Lovie Yancey when she launched the brand almost 70 years ago in Southern California. This remodeled location features vintage-inspired pendant lighting, the brand’s signature pop of blue, …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsrestaurants

FAT Brands Completes Acquisition of Hurricane Grill and Wings for $12.5 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has successfully completed the previously announced acquisition of Hurricane Grill & Wings for $12.5 million, which was funded through a combination of $8 million in cash and $4.5 million in preferred stock. With the acquisition of Hurricane, FAT Brands now franchises more than 325 restaurants around the world with annual system-wide sales exceeding $350 million.

Continue Reading
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts