Type | Public |
---|---|
Nasdaq: FAT | |
Industry | Restaurants |
Founded | 2017 |
Headquarters | , |
Key people | Andy Wiederhorn (CEO and President) Ken Kuick (CFO) |
Revenue | US$407.2 million (2022) [1] |
US$−17.9 million (2022) [2] | |
US$−126.1 million (2022) [3] | |
Total assets | US$1.21 billion (2022) [4] |
Total equity | US$15.3 billion (2022) [5] |
Number of employees | 5,400 (December 2022) [6] |
Subsidiaries | Fatburger Marble Slab Creamery Johnny Rockets Hurricane Grill & Wings Great American Cookies Round Table Pizza Ponderosa Steakhouse Bonanza Steakhouse Buffalo's Cafe Fazoli's Hot Dog on a Stick Native Grill & Wings Twin Peaks Pretzelmaker Yalla Elevation Burger |
Website | www |
FAT Brands is an American multi-brand restaurant operator headquartered in Beverly Hills, California.
FAT Brands began as a holding company for Fatburger in 2017, gaining a chairman in Ed Rensi. On August 13, 2020, Johnny Rockets was acquired by FAT Brands for $25 million. [7]
In July 2021, FAT purchased Global Franchise Group, [8] now owning Round Table Pizza, Hot Dog on a Stick, Great American Cookies, Pretzelmaker and Marble Slab Creamery. On September 1, 2021, FAT Brands announced that it would acquire Twin Peaks, for $300 million. [9] The acquisition was completed on October 1. [10]
In May 2022, it was announced FAT Brands had acquired the franchised chain, Nestlé Toll House Café for an undisclosed sum, and plans to convert all 86 locations to Great American Cookies locations. [11]
As of May 2022, FAT Brands own the following chains:
Round Table Pizza is a chain and franchise of pizza parlours in the Western United States. The first Round Table Pizza restaurant was opened in 1959, and the company has over 400 restaurants. The company is headquartered in Atlanta, Georgia.
The Johnny Rockets Group Inc. is an American restaurant franchise whose themed decor is based upon 1950s diner-style restaurants. Décor includes Coca-Cola advertising, featuring nearly life-size cardboard illustrations of women in World War II armed services uniforms, individual jukebox stations, chrome accents and red vinyl seats.
Hot Dog on a Stick is a fast food company that was founded by Dave Barham in Santa Monica, California, in 1946, and later branched out into malls and shopping centers. In 2014, the company was purchased by Global Franchise Group based in Atlanta, GA. Under GFG, the brand has opened new locations across the country and moved into the franchising space.
Ponderosa Steakhouse and Bonanza Steakhouse are a chain of buffet/steakhouse restaurants that are a part of Homestyle Dining LLC based in Plano, Texas. Its menu includes steaks, seafood, and chicken entrées, all of which come with their buffet. A lunch menu is also served.
Andrew A. Wiederhorn is an American businessman from Portland, Oregon. He serves as the Chairman and Founder of FAT Brands Inc., a restaurant franchising company that owns 17 restaurant brands and franchises over 2,300 units worldwide. Previously, he served as CEO and President of FAT Brands from 2017 to 2023. Prior to FAT Brands, he founded and served as the Chairman and CEO of Fog Cutter Capital Group Inc., Wilshire Financial Services Group Inc. and Wilshire Credit Corporation, with a then net worth of $140 million.
Marble Slab Creamery is an American chain of ice cream shops owned by FAT Brands. Its corporate offices are in Atlanta, Georgia.
MaggieMoo's Ice Cream and Treatery is a chain of independently owned and operated franchised stores that specialize in serving ice cream and other desserts. The first MaggieMoo's opened in 1989 in Kansas City, Kansas. At its peak, the brand had 400 stores and had a goal of opening over 1,000 stores. The brand's headquarters are in unincorporated Fulton County, Georgia. When MaggieMoo's was an independent company, it had its headquarters in Columbia, Maryland. It later became a franchise brand in the portfolio of Global Franchise Group, along with Marble Slab Creamery, until 2021 after Global Franchise Group was acquired by FAT Brands.
Nestlé Toll House Café was a franchise in the United States and Canada founded by Ziad Dalal and his partner Doyle Liesenfelt. The two started Crest Foods, Inc. D/B/A "Nestlé Toll House Café by Chip" in 2000 in Dallas, Texas. Crest Foods, the master franchisor for Nestlé, is in charge of developing cookie store franchises across the United States as part of Nestlé USA's challenge to the longtime industry leader, Mrs. Fields Famous Cookies Inc. The menu consists of items such as cookies, cookie cakes, brownies, ice cream, milk shakes, smoothies, and a full line of hot and frozen coffee beverages. The Nestlé Toll House Cafés are commonly found in shopping malls or shopping centers.
Global Franchise Group was a brand-acquisition and management firm headquartered in Atlanta, Georgia, United States. It specialized in franchising and quick-service restaurant industries. It was founded in 2010 with the acquisition of NexCen Brands' properties and was acquired by FAT Brands in July 2021.
Pretzelmaker is a chain of independently owned and operated franchised stores that specialize in hand-rolled pretzels, smoothies and cold beverages. It is a franchise brand in the portfolio of Global Franchise Group. It has more than 280 locations in the U.S. and internationally.
Great American Cookie Co., doing business as Great American Cookies, is an American chain of independently owned and operated franchised stores that specialize in gourmet cookies, especially cookie cakes. It has over 290 stores in the U.S., particularly in the Southeast as well as Puerto Rico and Guam, most commonly located in malls. The company was founded in 1977 and has its headquarters in Atlanta. It is since 2010 a franchise brand in the portfolio of Global Franchise Group.
Kahala Brands is a wholly owned subsidiary of Canada-based MTY Food Group Inc. of Montreal, Quebec. Based in Scottsdale, Arizona, Kahala is one of North America's largest holding company of franchise fast food restaurant companies. In May 2016, the publicly traded Canadian MTY Food Group announced a friendly takeover deal with the Kahala Brands. MTY agreed to pay about US$300 million to acquire Kahala. The two companies generated near $2 billion in revenues in the previous year. Jeff Smit was chosen to lead the US operations of MTY.
MTY Food Group is a Canadian franchisor and operator of numerous casual dining, fast casual, and quick service restaurants operating under more than 70 brand names, some of them through wholly owned subsidiaries. Headquartered in the Montreal borough of Saint-Laurent, Quebec, the number of outlets carrying MTY brands reached 5,500 in 2017. Stanley Ma is the group founder, President and CEO. MTY Food Group's brands include Thaï Express, Country Style, Groupe Valentine, Vanelli's, Extreme Pita, Cultures, La Crémière, Sushi Shop, Veggirama, Caferama, O'burger, Tiki Ming, Vie & Nam, Au Vieux Duluth Express, FranxSupreme, ChicknChick, Croissant Plus, Koya Japan, Kim Chi, Panini, Tandori, Tutti Frutti, Villa Madina Mediterranean Cuisine, Sukiyaki, Taco Time, Yogen Früz, and the Canadian branch of TCBY.
Twin Peaks is an American chain of sports bars and restaurants based in Lewisville, Texas, which has been described as an "ultimate sports lodge" and breastaurant along with similar chains. The chain is known for having its waitresses, primarily young women and typically referred to as "Twin Peaks Girls", dress in revealing uniforms that consist of cleavage- and midriff-revealing red plaid tops, as well as khaki shorts or denim short shorts. At other times, waitresses wear revealing seasonal or themed outfits. Restaurants are decorated in the theme of a wilderness lodge and serve a mix of American, Southwest and Southern cuisines as well as alcohol. The chain's slogan is "Eats. Drinks. Scenic Views."
Jollibee Foods Corporation is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.
Buffalo's Cafe is an American restaurant chain known for its Buffalo-style chicken wings. Buffalo's Cafe began in 1985, as a single restaurant in Roswell, Georgia. In 1991, founders David Hyde and Ralph Perella began franchising the restaurant under the name Buffalo's Franchise Concepts Inc. (BFCI) The company had 40 locations by 1998. In 2001, the chain was renamed Buffalo's Southwest Cafe following the introduction of southwestern food. A location in Kuwait opened at the end of that year.