FAT Brands Inc.

Financing

Explaining the charges against Fat Brands Chairman Andy Wiederhorn

The creator of the owner of Twin Peaks, Fazoli’s, Fatburger and other chains was charged in a $47 million false loan scheme and sued by the SEC for misusing company funds. Here’s what we know.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

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.

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

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.

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.

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.

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.

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

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

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

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