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Twin Peaks

Financing

Fat Brands is sued by one of its largest bondholders over Twin Peaks stock

 By Jonathan Maze on Jan. 26, 2026

352 Capital, a subsidiary of Jefferies Financial Group, is suing the fast-food restaurant chain operator for refusing to hand over shares in the casual-dining brand as collateral.

Leadership

Fat Brands CEO Andy Wiederhorn named CEO of Twin Peaks

 By Joe Guszkowski on Jan. 02, 2026

The Twin Peaks chairman replaces Kim Boerema, who was let go after just six months on the job. The breastaurant chain has struggled since its IPO last January.

Financing

A deep look at Fat Brands' financial problems

By Jonathan Maze on Dec. 22, 2025

The Bottom Line: Lawsuits, regulatory filings and our own reports paint a picture of a deepening financial problem at the owner of Fazoli’s, Fatburger and several other restaurant chains.

Financing

Twin Peaks to acquire 8 franchised locations in Florida for $47M

By Joe Guszkowski on Nov. 17, 2025

The restaurants owned by DMD Ventures include some of the best-performing of the breastaurant chain’s 114 stores.

Leadership

Twin Peaks owner hires full-service veteran Kim Boerema as CEO

By Joe Guszkowski on May 15, 2025

Boerema replaces Joe Hummel as chief of casual-dining company Twin Hospitality Group, which went public earlier this year.

Leadership

Twin Peaks CEO Joe Hummel is stepping down

By Joe Guszkowski on Mar. 31, 2025

Two months after helping to take the sports bar chain public, Hummel along with Chief Legal Officer Clay Mingus are leaving to pursue other opportunities.

Financing

Twin Peaks to close 9 Smokey Bones locations

By Joe Guszkowski on Feb. 28, 2025

Most of the barbecue brand's remaining units will be turned into Twin Peaks as the sports-bar chain ramps up development.

Financing

Twin Peaks operator accuses business partners of fraud

By Joe Guszkowski on Feb. 07, 2025

The former COO of franchisee DMD Ventures accused the company’s co-founders of using corporate funds to pay for lavish lifestyles. They vehemently denied the allegations and leveled some of their own.

Financing

Twin Peaks goes public in spinoff from Fat Brands

By Joe Guszkowski on Jan. 30, 2025

Shares in the sports-bar chain opened at $17.45 on the Nasdaq on Thursday. Proceeds will be used to pay down debt and fuel expansion.

Financing

Twin Peaks sets its IPO date

By Joe Guszkowski on Jan. 14, 2025

The casual-dining chain will separate from parent Fat Brands and become a stand-alone public company later this month.

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