Fatburger Continues Growth in France
All-American Burger Chain to Open 30 Units in Country Over Next Three Years
LOS ANGELES, April 04, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger and 17 other restaurant concepts, announces a new partnership with the group behind Big M CIE, to expand Fatburger across France, opening 30 units over the next three years with five new units set to open in 2026.
'Since opening our first location nearly three years ago in Sarcelles, we have been looking for the right strategic opportunities to continue our expansion in France,' said Taylor Wiederhorn, Chief Development Officer of FAT Brands. 'Mehdi Bella and his team have a vast amount of experience within the restaurant space and successfully operate their own restaurant franchise in the country. We are confident they are the right partners to quickly scale Fatburger to amplify the brand's presence across France—showcasing what makes Fatburger unique—our custom-built burgers, Fat and Skinny Fries and hand-scooped milkshakes.'
Ever since the first Fatburger opened in Los Angeles 70 years ago, the chain has been known for its delicious, grilled-to-perfection and cooked-to-order burgers. Founder Lovie Yancey believed that a big burger with everything on it is a meal in itself; at Fatburger 'everything' is not just the usual roster of toppings. Burgers can be customized with everything from bacon and eggs to chili and onion rings. In addition to its famous burgers, the Fatburger menu also includes Fat and Skinny Fries, sweet potato fries, scratch-made onion rings, Impossible™ Burgers, turkeyburgers, hand-breaded crispy chicken sandwiches, and hand-scooped milkshakes made from 100 percent real ice cream.
For more information on Fatburger, visit www.fatburger.com.
###
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual, quick-service, casual and polished casual dining restaurant concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.
About Fatburger
An all-American, Hollywood favorite, Fatburger is a fast-casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer's liking. With a legacy spanning 70 years, Fatburger's extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a number of A-list celebrities and athletes. Featuring a contemporary design and ambiance, Fatburger offers an unparalleled dining experience, demonstrating the same dedication to serving gourmet, homemade, custom-built burgers as it has since 1952 – The Last Great Hamburger Stand ™.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings and area development agreements. Forward-looking statements reflect expectations of FAT Brands Inc. ('we' or 'our') concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Vancouver Sun
an hour ago
- Vancouver Sun
Elbows-up tourism surge could see sector ‘eke out' a gain even as Americans stay away
From the front desk of Hotel Bedford in Goderich, Ont., Lynda Cross welcomes guests from regions ranging from southern Ontario to the South Pacific. 'A lot of them come from Toronto,' said the manager, standing just inside the Romanesque arches of the 129-year-old establishment. 'Just lately, we've had a few groups come from Australia' — a first, she said. But one crop of tourists has been conspicuously absent this year: Americans. 'May and June have been slow.' Plan your next getaway with Travel Time, featuring travel deals, destinations and gear. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Travel Time will soon be in your inbox. Please try again Interested in more newsletters? Browse here. A groundswell of economic patriotism has stoked curiosity in Canadian destinations, fuelling a domestic bookings surge as travellers turn away from cross-border trips. But a drop in American visitors north of the border and fears that many Canadians will simply stay home to save money has many wondering whether homegrown and overseas tourism can make up for the stateside decline. Canadian vacationers' boycotting the U.S. could net this country's tourism sector up to $8.8 billion in extra business this year as travellers explore spots closer to home, according to a report from the Conference Board of Canada. An April survey on travel intentions prompted the group to predict a windfall despite fewer border crossings this year by American tourists — Canada's largest source of inbound travellers by far. The number of Americans who visited Canada by car fell nearly 11 per cent in April compared with the same month last year, the third straight month of year-over-year decreases, according to Statistics Canada. While trip numbers for Canadians heading to the U.S. have fallen off far more steeply as part of a backlash against U.S. President Donald Trump's tariffs and '51st state' threats, Americans' more moderate pullback owes to factors ranging from pinched pocketbooks to fears of feeling unwelcome to angst over the border crossing on the drive home. The American retreat could hit communities that hug the border especially hard. 'Border towns that have tended to experience the shorter, more frequent back-and-forth visits — those are going to be communities that are going to be more heavily affected,' said Andrew Siegwart, who heads the Tourism Industry Association of Ontario. Duty-free stores have seen their revenue drop by 60 to 80 per cent in the last few months, according to an association representing 32 of the mostly mom-and-pop shops. Whether overseas travellers can make up for much of the lower American traffic across the country is questionable. Visitor volume from China, previously a key source of tourists, sat at 40 per cent of 2019 levels last year amid ongoing restrictions on group travel to Canada, according to Destination Canada. The federal government imposed new visa requirements on Mexican visitors last year, making it harder for tourists from that country to come. 'Travel from India has also been down for a number of reasons. So it's going to take some time,' said Siegwart. However, many America-averse Canadians are spending their travel budget in their own backyards. More than half of respondents to a survey released Monday by Ontario's travel regulator said they were more likely to make excursions closer to home, with the trend holding across all age groups. 'It could be a year where we manage to stay on par with last year, or maybe even eke out a little bit of a gain,' said Siegwart. But he acknowledged the hurdle of consumer anxiety over the economy. 'I'm cautiously optimistic,' he said, 'but it's too early to tell.' Summer bookings were either the same or higher than last year at two out of three businesses surveyed by the association in a poll released last month. John Steele, who owns seven hotels in Newfoundland and Labrador and one in Fredericton, said visitor levels look 'pretty good' at most of his properties but softer in Gander. New direct flights to St. John's from London and Paris have made it easier for international travellers to come from away. 'Air access seems to be improving for us. That's a big thing for us,' Steele said. At Okanagan Wine Country Tours in British Columbia, bookings from Europe and the United Kingdom have risen about 20 per cent year-over-year, said partner and manager Marsha Morrish. 'The traffic from Quebec is up substantially,' she added. Americans are more tepid — even those who do head north. 'They did email me to do a bit of a temperature check on how Canadians were feeling about Americans visiting,' Morrish said, referring to a Colorado couple coming up to sample Pinot Gris. While there's a chance American tourist numbers could surge, it's unlikely to happen this year, Siegwart suggested — including for corporate gatherings. 'Some convention centres, both in Ontario and across the country, have seen some drops in American conference bookings.' Much of it has to do with personal safety and security, as some workers worry about how they'll be treated at the border. 'Depending on your immigration status, depending on if you're a member of an LGBTQIA community, if your gender markers or identities on your passports are different than your gender expression — all sorts of things like that are really coming into play,' Siegwart said. 'My colleagues south of the border are a little more cautious in how they plan things because of the unpredictable way in which their administration is conducting business.' On the flip side, there's more interest from corporate event planners in Europe 'who still want to come to North America but see Canada as a safer bet.' Some Americans remain undeterred though. 'I've seen way more people from the States this year,' said Wendy Mooney, owner of Country Hideaway RV Campground, which sits barely a kilometre from the border in the B.C.'s West Kootenay region. 'Some people just fly by the seat of their pants.'
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Elbows-up tourism surge could see sector ‘eke out' a gain even as Americans stay away
From the front desk of Hotel Bedford in Goderich, Ont., Lynda Cross welcomes guests from regions ranging from southern Ontario to the South Pacific. 'A lot of them come from Toronto,' said the manager, standing just inside the Romanesque arches of the 129-year-old establishment. 'Just lately, we've had a few groups come from Australia' — a first, she said. But one crop of tourists has been conspicuously absent this year: Americans. 'May and June have been slow.' A groundswell of economic patriotism has stoked curiosity in Canadian destinations, fuelling a domestic bookings surge as travellers turn away from cross-border trips. But a drop in American visitors north of the border and fears that many Canadians will simply stay home to save money has many wondering whether homegrown and overseas tourism can make up for the stateside decline. Canadian vacationers' boycotting the U.S. could net this country's tourism sector up to $8.8 billion in extra business this year as travellers explore spots closer to home, according to a report from the Conference Board of Canada. An April survey on travel intentions prompted the group to predict a windfall despite fewer border crossings this year by American tourists — Canada's largest source of inbound travellers by far. The number of Americans who visited Canada by car fell nearly 11 per cent in April compared with the same month last year, the third straight month of year-over-year decreases, according to Statistics Canada. While trip numbers for Canadians heading to the U.S. have fallen off far more steeply as part of a backlash against U.S. President Donald Trump's tariffs and '51st state' threats, Americans' more moderate pullback owes to factors ranging from pinched pocketbooks to fears of feeling unwelcome to angst over the border crossing on the drive home. The American retreat could hit communities that hug the border especially hard. 'Border towns that have tended to experience the shorter, more frequent back-and-forth visits — those are going to be communities that are going to be more heavily affected,' said Andrew Siegwart, who heads the Tourism Industry Association of Ontario. Duty-free stores have seen their revenue drop by 60 to 80 per cent in the last few months, according to an association representing 32 of the mostly mom-and-pop shops. Whether overseas travellers can make up for much of the lower American traffic across the country is questionable. Visitor volume from China, previously a key source of tourists, sat at 40 per cent of 2019 levels last year amid ongoing restrictions on group travel to Canada, according to Destination Canada. The federal government imposed new visa requirements on Mexican visitors last year, making it harder for tourists from that country to come. 'Travel from India has also been down for a number of reasons. So it's going to take some time,' said Siegwart. However, many America-averse Canadians are spending their travel budget in their own backyards. More than half of respondents to a survey released Monday by Ontario's travel regulator said they were more likely to make excursions closer to home, with the trend holding across all age groups. 'It could be a year where we manage to stay on par with last year, or maybe even eke out a little bit of a gain,' said Siegwart. But he acknowledged the hurdle of consumer anxiety over the economy. 'I'm cautiously optimistic,' he said, 'but it's too early to tell.' Summer bookings were either the same or higher than last year at two out of three businesses surveyed by the association in a poll released last month. John Steele, who owns seven hotels in Newfoundland and Labrador and one in Fredericton, said visitor levels look 'pretty good' at most of his properties but softer in Gander. New direct flights to St. John's from London and Paris have made it easier for international travellers to come from away. 'Air access seems to be improving for us. That's a big thing for us,' Steele said. At Okanagan Wine Country Tours in British Columbia, bookings from Europe and the United Kingdom have risen about 20 per cent year-over-year, said partner and manager Marsha Morrish. 'The traffic from Quebec is up substantially,' she added. Americans are more tepid — even those who do head north. 'They did email me to do a bit of a temperature check on how Canadians were feeling about Americans visiting,' Morrish said, referring to a Colorado couple coming up to sample Pinot Gris. While there's a chance American tourist numbers could surge, it's unlikely to happen this year, Siegwart suggested — including for corporate gatherings. 'Some convention centres, both in Ontario and across the country, have seen some drops in American conference bookings.' Much of it has to do with personal safety and security, as some workers worry about how they'll be treated at the border. 'Depending on your immigration status, depending on if you're a member of an LGBTQIA community, if your gender markers or identities on your passports are different than your gender expression — all sorts of things like that are really coming into play,' Siegwart said. 'My colleagues south of the border are a little more cautious in how they plan things because of the unpredictable way in which their administration is conducting business.' Monday Mornings The latest local business news and a lookahead to the coming week. On the flip side, there's more interest from corporate event planners in Europe 'who still want to come to North America but see Canada as a safer bet.' Some Americans remain undeterred though. 'I've seen way more people from the States this year,' said Wendy Mooney, owner of Country Hideaway RV Campground, which sits barely a kilometre from the border in the B.C.'s West Kootenay region. 'Some people just fly by the seat of their pants.' This report by The Canadian Press was first published June 9, 2025.
Globe and Mail
3 hours ago
- Globe and Mail
Intel's Dual Gamble: AI Innovation Now, Foundry Fortunes Later?
[content-module:CompanyOverview|NASDAQ:INTC] Intel Corporation (NASDAQ: INTC) continues pursuing a demanding dual strategy to revitalize its market standing and financial health. The company's stock price is hovering near $20.25 in early June 2025, reflecting a significant investor evaluation of its turnaround prospects. The company's turnaround strategy hinges on successfully balancing two core imperatives. First, Intel must drive rapid innovation and capture immediate market share in artificial intelligence (AI)-powered client and data center products. Second, Intel must complete its current Foundry business undertaking and become a global player in contract chip manufacturing. The effective management of these distinct yet interconnected ambitions is the most critical factor that could reshape Intel's market position and ultimately enhance shareholder value. The AI Engine: Intel's Bid for Immediate Product Wins Intel's immediate focus on integrating artificial intelligence across its key product lines is designed to generate quicker financial returns and demonstrate market leadership. Success in this arena could provide vital momentum and resources while its longer-term foundry ambitions continue to mature. In the Client Computing Group (CCG), Intel is aggressively targeting the burgeoning AI PC market. Key initiatives include: Product Pipeline: Leveraging its Core Ultra processors and advancing a roadmap that features Panther Lake, Lunar Lake, Arrow Lake, and newly outlined CPUs like Nova Lake-S/U, Wildcat Lake, and Bartlett Lake-S. Market Target: A stated goal of shipping over 100 million AI PCs by the end of 2025. Financial Potential: This AI PC push could increase Average Selling Prices (ASPs) and improve profit margins for the CCG segment, which recorded $7.6 billion in revenue in Q1 2025. Within the Data Center and AI (DCAI) segment, Intel is also making strides: Key Offerings: The rollout of new Xeon 6 processors and Gaudi 3 AI accelerators aims to strengthen Intel's competitive position against rivals in the high-growth AI infrastructure market. Performance Metrics: The DCAI segment showed positive momentum with $4.1 billion in revenue in Q1 2025, an 8% year-over-year increase. Strong market adoption and financial performance from these AI-centric products could offer significant near-term catalysts for Intel's stock, potentially alleviating some investor concerns stemming from the high costs associated with its foundry development strategy. Intel's Foundry Bet: High Stakes, High Rewards Parallel to its AI product drive, Intel is pursuing the transformative, multi-year goal of establishing Intel Foundry as a world-leading contract manufacturer, a cornerstone of its IDM 2.0 strategy. This endeavor is crucial for Intel's long-term competitive positioning but comes with substantial financial commitments and execution risks. Key aspects of this long-term strategy include: Technological Reclamation: The "five nodes in four years" roadmap is central to regaining leadership in the manufacturing process. The Intel 18A node, which entered risk production in April 2025 and features advanced RibbonFET transistors and PowerVia backside power delivery, is a critical test. The new Panther Lake CPUs are slated to be its first products, and their release is anticipated in the second half of 2025. Building Credibility and Business: Securing commitments from major external customers is paramount. Microsoft (NASDAQ: MSFT) has already committed to using Intel 18A for a future chip design, and a partnership with Amazon Web Services covers Intel 3 and 18A nodes. These are vital early endorsements. The Financial Hurdle: The foundry segment currently operates at a significant loss, reporting a $2.3 billion operating deficit in Q1 2025. Intel is targeting break-even status for this division by 2027, a crucial milestone given the $18 billion gross capital expenditure target for 2025. Furthermore, Intel Foundry must "earn" business from Intel's product divisions, a dynamic intended to ensure its competitiveness against external foundries like TSMC. This foundry venture's perceived risks and eventual payoff heavily influence investor sentiment towards Intel's stock. Demonstrable progress in technology, customer acquisition, and a clear path to profitability are essential long-term drivers for the stock. Gauging Risks and Rewards in Intel's Dual Strategy [content-module:Forecast|NASDAQ:INTC] Intel's dual strategy, while ambitious, presents a compelling risk/reward scenario for investors. With the stock trading near its 52-week low and a cautious analyst consensus, much of the market's skepticism appears to be priced in. This environment potentially offers an attractive entry point for long-term investors, particularly considering upcoming catalysts such as the Panther Lake CPU launch in late 2025. While execution risks persist in product innovation and foundry development, the potential upside is considerable. Intel's strategic push into high-growth AI segments aims to bolster its near-term financial performance. These gains can, in turn, support the capital-intensive build-out of Intel Foundry, which benefits from government incentives and a global need for diversified chip manufacturing. This potential is supported by Intel's sizable asset base, reflected in a price-to-book ratio (P/B) of approximately 0.83. Investors should monitor key indicators for positive momentum: Stronger AI product sales and margin improvements. New high-volume foundry customer wins and clear progress on the Intel 18A manufacturing ramp. A steady climb in overall gross margins from the current Q2 non-GAAP guidance of ~36.5% towards the company's +50% target. Successfully hitting these markers could significantly shift the current market narrative, suggesting Intel has the resources and strategy to achieve its objectives and deliver notable long-term shareholder value. Intel's Need for Tangible Results [content-module:TradingView|NASDAQ:INTC] Intel's journey to redefine its market position and deliver enhanced shareholder value is intricately tied to its ability to execute its dual mandate flawlessly. Near-term successes in the AI PC and data center markets, driven by compelling product innovation, are essential for immediate financial health. They build confidence and provide the resources needed for the longer, more arduous path of establishing a globally competitive and profitable foundry business. Ultimately, consistent and tangible results across both these strategic fronts will be the decisive factor in Intel's turnaround and its ability to reward patient investors. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...
