3 reasons Fat Brands filed for Chapter 11

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Over the past few years, Fat Brands built up a 19-brand portfolio through acquisitions of chains like Round Table Pizza and Johnny Rockets. But those deals came with a significant cost: over $1 billion in debt. While Fat was growing quickly, creating a development pipeline of 1,000 units, economic conditions soured. Consumers pulled back on spending, leading t ...