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Fat Brands confidentially files to IPO Twin Peaks, Smokey Bones brands days after federal indictment
CNBC· 2024-05-14 14:51
Both Fat Brands and Wiederhorn, through an attorney, have denied the charges. Since its founding in 2005, Twin Peaks has grown to nearly 115 restaurant locations in the U.S. and Mexico. Fat Brands bought the company in 2021. The sports bar chain is known for its female staff's revealing uniforms, similar to Hooters. Smokey Bones is a newer addition to Fat Brands' portfolio, which currently includes 18 chains. Olive Garden owner Darden Restaurants created the barbecue chain in 1999 but later sold the brand. ...
FAT Brands Announces Confidential Submission of Registration Statement for Twin Peaks
Newsfilter· 2024-05-14 10:00
LOS ANGELES, May 14, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ:FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that the operating unit for its Twin Peaks and Smokey Bones restaurant brands has confidentially submitted a registration statement to the Securities and Exchange Commission to become a standalone public reporting company. Completion of the potential transaction remains subject to various conditions, includ ...
Statement from FAT Brands Regarding SOX 402 Charges
Newsfilter· 2024-05-10 15:52
LOS ANGELES, May 10, 2024 (GLOBE NEWSWIRE) -- Today Brian Hennigan of Hueston Hennigan LLP, Counsel for FAT Brands Inc., issued the following statement: "Today FAT Brands was informed that it has been indicted on two violations of SOX 402 for arranging approximately $2.65 million in loans to Andy Wiederhorn. These charges are unprecedented, unwarranted, unsubstantiated, and unjust. They are based on conduct that ended over three years ago and ignore the Company's cooperation with the investigation.  FAT Bra ...
Fat Brands, chair Andy Wiederhorn indicted in $47 million 'sham' loan scheme
CNBC· 2024-05-10 15:40
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks.Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los Angeles for wire fraud, tax evasion and other counts related to the alleged scheme.In a separate civil complaint, the Securities and Exchange Commission accused the company and Wi ...
FAT Brands(FAT) - 2024 Q1 - Quarterly Report
2024-05-02 21:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38250 FAT Brands Inc. (Exact name of registrant as specified in its charter) Delaware 82-1302696 (State or other jurisdiction of incorporation o ...
FAT Brands Expands Partnership with Six Flags, Brings Third Restaurant Brand to Iconic Parks
Newsfilter· 2024-05-02 13:05
Hurricane Grill & Wings to debut at Six Flags Great Escape Lodge LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Hurricane Grill & Wings and 17 other restaurant concepts, announces their latest brand to enter the legendary Six Flags properties. Hurricane Grill & Wings, the Florida-born wing brand known for its laid-back environment and award-winning wings, will debut at Six Flags Great Escape Lodge in Queensbury, New York this summer. The latest op ...
FAT Brands Foundation Raises Over $130,000 at 2024 FAT Brands Summit
Newsfilter· 2024-05-02 13:00
FAT Brands' Charitable Organization Fuels Impact at 2024 Conference LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns restaurant brands including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli's and 13 other concepts, is pleased to announce the FAT Brands Foundation has raised over $130,000 via donations and committed funds at FAT Brands' bi-annual Summit in Las Vegas, Nevada. The Foundation team surpass ...
FAT Brands(FAT) - 2024 Q1 - Quarterly Results
2024-05-01 20:10
Exhibit 99.1 FAT BRANDS INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Conference call and webcast today at 5:00 p.m. ET LOS ANGELES (May 1, 2024) – FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) ("FAT Brands" or the "Company") today reported financial results for the fiscal first quarter ended March 31, 2024. "Over the last three years, we have expanded our footprint 10-fold by strategically building a diverse portfolio that now includes 18 iconic concepts spanning over 2,300 locations worldwi ...
Smokey Bones Rolls Out BBQ Bonanza
Newsfilter· 2024-05-01 16:05
Premium Meats, Savory Sundaes and Summery Sips Arrive on Menu Plantation, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- Leave the grilling to the ‘Masters of Meat' this season. Smokey Bones, owned by FAT (Fresh. Authentic. Tasty.) Brands Inc., is rolling out a fresh new menu that reinvents backyard barbecue favorites at an exceptional value. Fans can experience barbecue bliss with Smokey Bones' BBQ Bonanza starting May 1, just in time for National Barbecue Month. "At Smokey Bones, we're all about ‘meating' our gue ...
Fatburger Opens First Brick and Mortar Location in San Antonio
Newsfilter· 2024-04-29 13:05
Hollywood Born Burger Chain Furthers Roots in Texas with Latest Opening LOS ANGELES, April 29, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the opening of its first brick and mortar Fatburger and Buffalo's Express location in San Antonio, in partnership with Brame Brands. The new Fatburger and Buffalo's Express San Antonio restaurant, located at 1604 and Culebra, will serve guests its beloved all-American cuisine, including made-to-order Fatburgers, chicken wings, Fat Fries ...