Welcome to our dedicated page for Fat Brands news (Ticker: FATBW), a resource for investors and traders seeking the latest updates and insights on Fat Brands stock.
FATBW is the ticker for warrants to purchase Class A Common Stock of FAT Brands Inc., a global restaurant franchising company that regularly issues news about its multi-brand portfolio and corporate developments. The FAT Brands news flow covers a wide range of topics tied to its restaurant concepts and financing activities, providing context for how the business operates and evolves.
Press releases frequently highlight brand-level promotions and growth, such as Pretzelmaker offers for National Pretzel Day, Great American Cookies and Marble Slab Creamery reaching location milestones in markets like the Houston area, and Fazoli’s opening new restaurants in additional U.S. cities. Other announcements describe expansion plans for Fatburger in international markets, as well as non-traditional locations like airport employee dining halls.
Investors and followers of FATBW can also find corporate and capital markets updates in the news stream. Examples include amendments to the Fazoli’s whole business securitization credit facility, disclosures about discussions with noteholders, and earnings-related announcements where the company releases financial results and supplemental information. Leadership changes, such as the appointment of a President and Chief Executive Officer, are reported through Form 8-K filings and associated communications.
In addition, FAT Brands publishes updates on broader initiatives, such as accepting Bitcoin for franchisee royalty payments and the activities of the FAT Brands Foundation, which supports local non-profits in communities where the company operates. Readers who follow FATBW news can use this page to track restaurant brand promotions, unit growth, financing developments, governance changes, and community-focused efforts associated with FAT Brands Inc.
FAT Brands has opened three new Johnny Rockets locations in Brazil and Chile, expanding its presence in South America. The new sites include two in Brazil and one in Chile, enhancing the brand's international reach. This expansion aligns with FAT Brands' strategy to grow the iconic all-American diner franchise since its acquisition. The locations offer a classic dining atmosphere and high-quality menu items, serving both dine-in and delivery customers.
FAT Brands announced a major expansion into Florida with a 10-store franchise deal in Orlando, set to open over the next six years. This agreement, in partnership with Whole Factor Inc., aims to enhance the presence of both Fatburger and Buffalo’s Express in the region, following a previously announced 25-store development in Illinois. CEO Andy Wiederhorn highlighted the potential for these brands to attract both locals and tourists. The chain has a legacy of custom-made burgers and famous wings, appealing to a diverse customer base.
FAT Brands Inc. (NASDAQ: FAT) will participate virtually in the 2022 ICR Conference on January 10, 2022, at 9:00 am ET. The company's President and CEO, Andy Wiederhorn, will host a presentation aimed at institutional investors. The event will be webcast live and available for replay for 90 days. Interested investors can schedule 1x1 meetings through the ICR Conference website. FAT Brands operates 17 restaurant brands globally, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands (NASDAQ: FAT) announced the completion of its $20 million acquisition of Native Grill & Wings from Wingtime, LLC. This acquisition enhances FAT Brands' presence in the chicken wing market, bringing its total to over 2,300 franchised and corporate stores with system-wide sales of approximately $2.2 billion. Previously this year, FAT Brands successfully acquired Fazoli’s, Twin Peaks, and Global Franchise Group, underscoring its aggressive expansion strategy in the dining sector.
FAT Brands has completed the acquisition of Fazoli's for $130 million, entering the Italian quick-service dining space. With over 200 locations and a goal of 100 new units over the coming years, the acquisition boosts FAT's total stores to approximately 2,300. This strategic move is expected to drive 2022 systemwide sales to exceed $2.2 billion. Both companies show optimistic growth forecasts, with Fazoli's having a record-setting sales year and plans to expand internationally.
FAT Brands Inc. announced a significant expansion into Libya with plans to open 10 new franchised restaurants over the next three years. This includes five co-branded Johnny Rockets and Hurricane Grill & Wings locations and five co-branded Fatburger and Buffalo's Express restaurants. Franchisee Al Majmoua Al Moutakamila will lead this initiative. This expansion follows recent growth in the UAE and surrounding countries, demonstrating FAT Brands' commitment to the Middle East. CEO Andy Wiederhorn emphasized the region's potential for quick-service restaurants.
FAT Brands announces the opening of a co-branded Fatburger and Buffalo’s Express in Greenbrier, Arkansas. This marks the brand's expansion into a new state, following successful openings in Alabama, Louisiana, and Texas. CEO Andy Wiederhorn highlighted strong sales performance in the South, reinforcing the popularity of the co-branded concept. The location will serve a variety of menu items, including customized burgers and wings, and will operate from 10:30 a.m. to 10 p.m. on weekdays and 10:30 a.m. to 11 p.m. on weekends. For more details, visit www.fatburger.com.
FAT Brands (NASDAQ: FAT) has agreed to acquire Native Grill & Wings for $20 million, enhancing its portfolio with a popular chicken wing chain. This marks FAT Brands' third wing concept and is projected to increase post-COVID normalized EBITDA by approximately $3 million in 2022. Following this acquisition, FAT Brands will operate over 2,300 locations with annual system-wide sales of around $2.3 billion. The deal is expected to close in mid-December 2021, funded through new notes from the Company’s securitization facilities.
FAT Brands has appointed Justin Nedelman as its first Chief Real Estate Officer. Nedelman brings extensive real estate expertise from his tenure as CEO of Eureka Restaurant Group, where he expanded the business significantly. Tasked with overseeing FAT Brands' real estate portfolio of over 2,100 restaurants, he aims to support existing franchisees and enhance growth across 15 restaurant concepts. CEO Andy Wiederhorn highlighted Nedelman's experience in retail real estate finance as pivotal for the company, which has made over $900 million in acquisitions since September 2020.
FAT Brands Inc. announced a significant expansion into Illinois, partnering with A.D.T.J. Development LLC to open 25 Fatburger and Buffalo’s Express locations over the next eight years. The initiative marks FAT Brands' largest presence in Illinois, targeting the vibrant Chicago market. CEO Andy Wiederhorn highlighted the excitement around establishing a foothold in the Midwest, aiming to deliver a unique dining experience with customized burgers and wings. This expansion reflects the company's strategy to enhance its franchise portfolio and cater to diverse audiences.