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Twin Peaks parent company files for bankruptcy. Will locations close?
Yahoo Finance· 2026-01-28 16:58
Core Viewpoint - Twin Hospitality Group, the parent company of Twin Peaks, has filed for Chapter 11 bankruptcy, following a trend in the casual dining sector where similar establishments like Hooters have also faced financial difficulties [1][3]. Group 1: Bankruptcy Filing - Twin Hospitality Group filed for Chapter 11 bankruptcy on January 26, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas [1]. - The bankruptcy filing comes shortly after Fat Brands, which owns Twin Hospitality Group, began converting Smokey Bones locations into Twin Peaks [2]. - The first hearing for the bankruptcy filing is scheduled for January 28, 2025 [3]. Group 2: Company Operations - Twin Peaks operates 114 locations across the United States and Mexico and is expected to remain open during the bankruptcy process [4]. - The company has faced challenging market conditions that have hindered its ability to restructure debt, despite the brand's strength [5]. Group 3: Industry Context - Hooters filed for Chapter 11 bankruptcy in March 2025, addressing $376 million in debt, and closed over 30 locations in June 2025 [3]. - The casual dining sector is experiencing significant challenges, as evidenced by the recent bankruptcies and closures of multiple restaurant chains [5].
Twin Hospitality Group Announces Leadership Updates
Globenewswire· 2025-12-29 11:00
Core Viewpoint - Twin Hospitality Group Inc. has appointed Andy Wiederhorn as Chief Executive Officer following the termination of Kim Boerema, with Roger Gondek taking on the role of President of Twin Peaks Restaurant while retaining his position as Chief Operating Officer [1][2][3] Group 1: Leadership Changes - Andy Wiederhorn, who has been Chairman of the Board since August 2025, played a key role in the spin-out of Twin Peaks and Smokey Bones into Twin Hospitality Group Inc. [2] - Roger Gondek has been with Twin Peaks since 2017 and has approximately 15 years of experience with the brand, including leadership roles with its largest franchisee [2] Group 2: Strategic Focus - The leadership restructuring aims to streamline operations and enhance the guest experience, optimizing resources while minimizing overhead [3] - The company is focused on driving key business initiatives forward, including restructuring its debt to strengthen for long-term success [3] Group 3: Company Overview - Twin Hospitality Group Inc. operates specialty casual dining restaurant concepts, aiming to redefine the casual dining category with experiential brands [4] - Twin Peaks, founded in 2005, has 114 locations in the U.S. and Mexico, offering made-from-scratch food and a sports lodge atmosphere [5]
Twin Hospitality Group Inc-A(TWNP) - Prospectus
2025-10-07 20:05
As filed with the Securities and Exchange Commission on October 7, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Twin Hospitality Group Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 5812 99-1232362 (I.R.S. Employer Identification No.) 5151 Belt Line ...
Twin Hospitality Group Inc. Announces Appointment of Kim Boerema as Chief Executive Officer
Globenewswire· 2025-05-15 13:00
Core Insights - Twin Hospitality Group Inc. has appointed Kim Boerema as the new Chief Executive Officer to drive the growth of Twin Peaks Restaurant [1][4] - Boerema has over 30 years of experience in the restaurant industry, with a proven track record in scaling operations and enhancing profitability [2][4] - The company aims to expand its brand with a pipeline of 100 new lodges, leveraging Boerema's expertise in franchising and corporate operations [4] Company Overview - Twin Hospitality Group Inc. operates specialty casual dining restaurant concepts, focusing on redefining the casual dining category through experiential brands [5] - Twin Peaks, founded in 2005, currently has 116 locations across the U.S. and Mexico, known for its sports lodge theme and made-from-scratch food [6] Leadership Background - Kim Boerema previously served as President and COO of Parry's Pizzeria & Taphouse, where he expanded the brand from 10 to approximately 30 units in two and a half years [2] - His past roles include CEO of Iron Hill Brewery and COO of California Pizza Kitchen, where he developed a cost-effective restaurant prototype and improved operations [2][4] - Boerema also held the position of Regional Vice President at Texas Roadhouse, overseeing 125 units across 22 states [2]