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Johnny Rockets

Financing

Fat Brands says its CEO is under investigation

The owner of Fatburger and Johnny Rockets says the SEC is looking into loans made to Andy Wiederhorn and his family.

Financing

The federal investigation into Andy Wiederhorn raises some old questions

The Bottom Line: The Fat Brands founder and CEO is under a federal investigation over spending charged to the company. It comes 16 years after he was released from prison on a felony conviction.

The owner of Johnny Rockets and Twin Peaks is making its fourth deal this year with the acquisition of its third chicken wing chain.

Even after making his biggest acquisition yet, the Fat Brands CEO says he has others coming. “This is not the end.”

Fat Brands’ latest acquisition will give it five more concepts, including Round Table Pizzza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker.

The owner of Fatburger and Johnny Rockets also named Allen Sussman general counsel and Rob Rosen EVP capital markets.

The deal will enable the restaurant chain collector to raise more capital and make more acquisitions.

Third-quarter results were mixed for smaller-cap public restaurant companies.

This week’s episode of the RB podcast “A Deeper Dive” features the CEO of Fat Brands, explaining his planned purchase of Johnny Rockets.

The deal will add 325 locations to the fold of Fat Brands.

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