FAT Brands Becomes Latest Casual-Dining Bankruptcy
The owner of Fatburger and Johnny Rockets chains seeks to restructure $1.4 billion debt in chapter 11
FAT Brands, the owner of restaurant concepts including Fatburger and Johnny Rockets, has filed for bankruptcy amid legal troubles and a ballooning pile of debt.
Beverly Hills, Calif.-based FAT Brands filed alongside Twin Hospitality Group, the Dallas-based operator of Twin Peaks and Smokey Bones, in which it has a roughly 95% stake. The two companies filed for bankruptcy in the Southern District of...
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