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FAT Brands Inc.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

 By Jonathan Maze on May 10, 2024

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

Earnings roundup: Fatburger, El Pollo Loco and Pizza Inn

 By Jonathan Maze, Heather Lalley and Lisa Jennings on May 03, 2024

Fat Brands has some trouble with the weather; strong results from El Pollo Loco and Rave Restaurant Group wants some remodels.

Financing

The owner of Fatburger is making a big move into cobranding

By Jonathan Maze on Apr. 18, 2024

Fat Brands just announced a 40-year deal that will place its flagship burger brand into 40 Round Table Pizza locations. Here’s why the company is so big on the idea.

Financing

Fatburger owner Fat Brands wants to buy more chains, but only at its price

By Jonathan Maze on Mar. 07, 2024

The owner of Twin Peaks, Fazoli’s and a bunch of other fast-food chains is on the lookout for other concepts, but it won’t pay too much for them.

Financing

The SEC may take action against Andy Wiederhorn

By Jonathan Maze on Feb. 20, 2024

The agency has sent a “Wells Notice” to the chairman of Fat Brands, along with one current and one former employee. It signals a likely upcoming civil action.

Financing

Andy Wiederhorn wants to buy more snacks

By Jonathan Maze on Oct. 24, 2023

The chairman of Fat Brands, which owns several chains including Great American Cookies and Pretzelmaker, is targeting strategic acquisitions, particularly those that will help occupy a plant in Atlanta.

Financing

Fat Brands acquires Smokey Bones for $30M

By Jonathan Maze on Sep. 25, 2023

The 18th deal for the owner of Johnny Rockets and Twin Peaks gives the company another casual-dining chain.

Financing

Not all the restaurant news came from big chains this earnings season

By Peter Romeo on May 11, 2023

Earnings roundup: Results from smaller operators and several industry suppliers also cast light on the industry’s performance, particularly by independents.

Leadership

Fat Brands names two replacements for CEO Andy Wiederhorn

By Jonathan Maze on May 01, 2023

Ken Kuick, the CFO, and Rob Rosen, EVP of capital markets, will become co-CEOs of the franchise brand operator on Friday.

Financing

Fat Brands' controlling shareholder replaces most of its board

By Jonathan Maze on Apr. 06, 2023

The Bottom Line: Fog Cutter Capital, owned by Andy Wiederhorn and his family, ousted its directors and appointed a new slate that includes several of his family members. The owner of Johnny Rockets and Twin Peaks also relabeled itself a “controlled company.”

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