acquisitions

Financing

Fat Brands creditors push back against the company's sale to lenders

A group of unsecured creditors is suing the company and challenging the nearly $1 billion sale of the bankrupt restaurant chain operator and Twin Peaks over $195 million in transfers.

Financing

Some Fat Brands lenders are objecting to the company’s sale

Most of the company's restaurant chains, including Round Table Pizza, Fazoli's and others, will be sold in a credit deal. But some lenders say the proposal doesn't properly account for $10.8 million in management fees.

As the giant distributor prepares to acquire the cash-and-carry retailer, CEO Kevin Hourican in an interview vowed to keep alive what made Restaurant Depot special.

Different companies have been declared winners of an auction for different parts of the restaurant chain operator. Twin Peaks, Hot Dog on a Stick and Elevation Burger look set to get their own buyers.

The Bottom Line: Yum Brands has spent years chasing trends with what had been the world’s largest pizza chain, which has put the brand in its current position.

The Bottom Line: The fast-casual chain confidentially filed documents for an initial public offering this week. It has the chance to be the biggest IPO the restaurant industry has seen.

Independent operators were shaken when the broadline distributor announced a $29 billion acquisition of the cash-and-carry operation. But some say the deal could have some real benefits.

The Bottom Line: Both Pizza Hut and Papa Johns are moving closer to a pair of separate deals, according to a report. How would this impact the pizza business?

A Deeper Dive: Brian Britton, CEO of the ice cream and chocolate chain, joins the podcast to talk about how a brand adapts to being owned by a private-equity firm.

Seven & I Holdings said that its planned initial public offering won't take place until March 2027 at the earliest. It comes amid rising gas prices and economic concerns.

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