FAT Brands Inc.

Financing

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

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

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.

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.”

Citing a federal investigation tied to him last year, the founder of the owner of Fatburger, Twin Peaks and Johnny Rockets is stepping aside to serve as a strategic advisor.

Earnings roundup: The brand collector said asking prices for restaurants are coming down. Also, PFG senses "pizza fatigue," Ruth's Chris cuts costs with tech, Chuy's wins with LTOs and profits rise for US Foods.

Jeremy Theisen joins the Twin Peaks and Fazoli's parent after two decades of expanding startups.

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