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 Inc. has announced the opening of its third co-branded Fatburger and Buffalo’s Express location in NEWest Singapore. The new restaurant aims to cater to the strong demand for American comfort food in the region, which has garnered a dedicated fanbase since the first opening in 2018. This expansion reflects the brand's growth strategy, further solidifying FAT Brands' presence in the international market. FAT Brands operates eight restaurant concepts worldwide and franchises over 375 units.
FAT Brands (NASDAQ: FAT) has announced its acquisition of the Johnny Rockets restaurant chain for approximately $25 million, funded through cash and securitization proceeds. The deal is expected to close in September 2020, expanding FAT Brands' portfolio to over 700 restaurants worldwide, with annual sales exceeding $700 million. Johnny Rockets, known for its 1950s diner aesthetic, operates over 325 locations globally. CEO Andy Wiederhorn emphasized the transformative nature of this acquisition, highlighting synergies with existing brands.
FAT Brands has opened a new co-branded location of Fatburger and Buffalo’s Express on the Hollywood Walk of Fame in Los Angeles. The restaurant will offer takeout, delivery, and limited outdoor dining while adhering to health guidelines. This marks the second location launched in Los Angeles in quick succession. Famous for its customizable burgers and wing offerings, the restaurant aims to cater to its loyal fan base. The location will operate seven days a week from 11:00 a.m. to 6:00 p.m.