Welcome to our dedicated page for Fat Brands news (Ticker: FAT), a resource for investors and traders seeking the latest updates and insights on Fat Brands stock.
FAT Brands Inc. (NASDAQ: FAT) is a global restaurant franchising company whose news flow reflects activity across 18 distinct restaurant concepts. As the parent of brands such as Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa and Bonanza Steakhouses, the company regularly issues updates that span multiple dining categories.
On this page, readers can find coverage of brand-level promotions and menu launches, such as new pizzas from Round Table Pizza, limited-time cookie cakes and seasonal offerings from Great American Cookies, and expansion news from Fazoli’s and Fatburger. News items also highlight store openings in new and existing markets, including co-branded locations that combine concepts like Fatburger and Buffalo’s Express.
FAT Brands also releases corporate and financial announcements, including quarterly financial results, participation in investor conferences such as the ICR Conference, and statements from management about system-wide performance, new restaurant openings, co-branding initiatives, and strategic partnerships. These updates provide insight into how the company manages its multi-brand portfolio and restaurant development pipeline.
Investors and followers of the restaurant and food service sector can use this news feed to track how FAT Brands’ concepts evolve, how the company approaches growth across fast casual, quick-service, casual dining, and polished casual dining formats, and how its franchising network responds through new units, marketing campaigns, and brand collaborations.
FAT Brands has completed its acquisition of Global Franchise Group for $442.5 million, enhancing its franchised restaurant units to over 2,000 worldwide. This deal adds five brands, including Round Table Pizza and Great American Cookies, and is projected to boost annual EBITDA by approximately $40 million to $55-$60 million. Additionally, revenues could rise from $36 million to over $100 million. This marks the largest acquisition by a restaurant franchisor in 2021.
FAT Brands has signed a franchise agreement with Red Rombo Group to open 50 co-branded Fatburger and Buffalo’s Express locations in Mexico. The first three restaurants will debut in Mexico City by year-end. This expansion represents the 14th international venture for the brand, with over 70% of Fatburger locations being co-branded. CEO Andy Wiederhorn highlighted the growing fast-casual market in Mexico and expressed commitment to further global expansion. The co-branded model has successfully launched in countries like Singapore and France, enhancing the brand's international footprint.
FAT Brands Inc. has announced the pricing of its $350 million FGFG Series 2021-1 Fixed Rate Asset-Backed Notes, marking its largest securitization to date. The proceeds will finance the acquisition of Global Franchise Group from Serruya Private Equity, Inc. and Lion Capital LLP. The notes carry a 6.81% fixed interest rate.
CEO Andy Wiederhorn stated that the acquisition will enhance their strategy of integrating GFG brands and achieving combined EBITDA targets. Jefferies acted as the sole underwriter for this transaction.
FAT Brands has announced its acquisition of Global Franchise Group for $442.5 million in a mix of cash and stock. This deal brings five restaurant brands, including Round Table Pizza and Great American Cookies, into FAT's portfolio, expanding its reach to over 2,000 restaurants with system-wide sales of approximately $1.4 billion. The acquisition is expected to enhance annual EBITDA by $40 million, driven by synergies and recovery from COVID-19. The transaction is set to close by the end of July 2021, pending regulatory approval.
FAT Brands Inc. (NASDAQ: FAT, FATBP, FATBW) has successfully closed its public offering of 460,000 shares of 8.25% Series B Cumulative Preferred Stock at $20.00 per share, generating gross proceeds of $9,200,000. This includes the full exercise of the underwriter’s option for an additional 60,000 shares. The capital is intended for general corporate purposes and potential acquisitions. The offering was managed by ThinkEquity and follows a registration statement effective from June 17, 2021.
FAT Brands Inc. (NASDAQ: FAT, FATBP, FATBW) has priced an underwritten public offering of 400,000 shares of 8.25% Series B Cumulative Preferred Stock at $20.00 each, aiming for gross proceeds of $8 million. The underwriters hold a 45-day option for an additional 60,000 shares for over-allotments. The offering is set to close on June 22, 2021, pending customary conditions. Proceeds will support general corporate purposes and potential acquisitions, enhancing growth opportunities for the company.
FAT Brands Inc. (NASDAQ: FAT) announced its participation in Roth’s 7th Annual Virtual London Conference, scheduled for June 21-23, 2021. Andy Wiederhorn, President and CEO, will conduct virtual meetings with investors during this event. FAT Brands is known for its global franchising operations, owning nine restaurant brands, including Fatburger and Johnny Rockets, and franchises approximately 700 units worldwide.
FAT Brands is celebrating Johnny Rockets' 35th anniversary with a limited-time Birthday Cake Shake available from June 15 to June 30, 2021. This new shake features rainbow sprinkles and embodies the diner’s nostalgic charm. Customers can receive a free shake with a purchase by joining the Rocket E-Club, following on social media, or with a Birthday Party Invite. The promotional event aims to rekindle fond memories for diners while also enhancing customer engagement. The chain has successfully expanded its global presence, operating restaurants in 25 countries.
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fiscal 2021 second quarter, payable on June 21, 2021 to stockholders on record as of June 14, 2021. Future dividends will depend on the company’s financial performance and capital needs. FAT Brands is a global franchising company with nine restaurant brands, including Fatburger and Johnny Rockets, operating around 700 units worldwide. The declaration reflects the company's ongoing commitment to returning value to shareholders.
Fatburger and Death Row Records have launched a partnership to honor the 30th anniversary of the iconic hip-hop label. Starting June 1, 2021, for every XXXL Burger sold, $1.30 will be donated to the GRAMMY Museum, with a maximum total donation of $15,000. Customers can also purchase limited-edition merchandise and NFTs featuring brand logos. This initiative aims to support the legacy of African American music and celebrates the cultural significance of both brands. The promotion runs through June 30, 2021.