1 week ago
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In news that will impact two very popular chain restaurants in the U.S., FAT Brands Inc. and Twin Hospitality Group Inc., the parent company of Twin Peaks Restaurant and BBQ chain Smokey Bones, just filed for voluntary chapter 11 bankruptcy. Restaurants under the FAT Brands umbrella include Fazoli’s, Round Table Pizza, Johnny Rockets, Smokey Bones, and flagship brand Fatburger.
“Our dynamic portfolio of brands has demonstrated tremendous resilience in a challenging restaurant operating environment over the last few years,” Fat Brands says. “We are well positioned for long-term profitability and growth. The chapter 11 process will provide us with the opportunity to strengthen our capital structure to support our concepts and ensure they remain at the forefront of their sectors.”
English (US) ·