Wednesday, April 24, 2024
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Pretzelmaker

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FAT Brands Strengthens Leadership Team, Including 2 New Brand Presidents

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has elevated Jenn Johnston to the role of chief marketing officer. Since the acquisition of Global Franchise Group in July 2021, Johnston has held the role of president of the quick-service division at FAT Brands, overseeing brands including Round Table Pizza, Great American Cookies, Marble Slab Creamery and Pretzelmaker. With the promotion, Allison Lauenstein and David Pear will assume brand president roles. Lauenstein will serve as brand president of Great American Cookies, Marble Slab Creamery and Pretzelmaker. She brings over a …

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franchise developmentNewsrestaurants

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. 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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