Latest news with #TaylorWiederhorn
Yahoo
06-05-2025
- Business
- Yahoo
Buffalo's Cafe Announces Expansion of Fast Casual Model in France
FAT Brands Inc. All-American Wing Chain to Open 10 Locations in Country over Next Three Years LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Buffalo's Cafe and 17 other restaurant concepts, announces the expansion of Buffalo's Cafe in France in partnership with the group behind Big M CIE, opening 10 units in the country with the first three units set to open by 2026. To coincide with the new locations, the beloved wing brand is unveiling a fast casual model with a smaller footprint to position itself for greater growth across the globe. 'The launch of a new Buffalo's Cafe fast casual model in France represents a significant milestone in our growth trajectory of the brand, and opens up the door to additional expansion opportunities,' said Taylor Wiederhorn, Co-CEO and Chief Development Officer of FAT Brands. 'This announcement also follows Medhi Bella and his team signing a commitment to open 30 Fatburger locations across France—opening a total of 40 locations with FAT Brands. We see a bright future ahead with this partnership as we continue to grow our iconic, all-American brands in the country.' For 40 years, Buffalo's Cafe has been known for its authentic Buffalo-style chicken wings, house-made wing sauces and family-friendly environment. For more information on Buffalo's Cafe, visit ### 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 About Buffalo's Cafe Founded in 1985 in Roswell, Georgia, the family-themed casual dining chain, known for its world-famous chicken wings and 18 unique homemade wing sauces, burgers, wraps, steaks, and salads has been serving fresh southwestern themed cuisine for 40 years. Featuring a full bar and table service, Buffalo's Cafe offers an unparalleled dining experience affording friends and family the flexibility to enjoy an intimate dinner together or to casually catch the next sporting event while enjoying robust menu offerings. Buffalo's - Where Everyone Is Family™. For more information, visit
Yahoo
01-05-2025
- Business
- Yahoo
Fat Brands promotes Taylor Wiederhorn to co-CEO
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Taylor Wiederhorn, son of Fat Brands founder and former CEO Andrew Wiederhorn, has been promoted from chief development officer to co-CEO, effective April 29, the restaurant company announced Tuesday. He will serve alongside Ken Kuick, Fat's CFO and co-CEO since mid-2023. Kuick is also interim CEO at Twin Hospitality. Rob Rosen, who was appointed co-CEO alongside Kuick after Andrew Wiederhorn's 2023 resignation, will shift to a consulting position focused on debt/capital markets for the company. This co-CEO change puts another Wiederhorn in charge of Fat again, less than a year after Andrew Wiederhorn was indicted over an alleged $47 million fraudulent loan scheme and for possessing a firearm as a convicted felon. Taylor Wiederhorn, who has worked as chief development officer at Fat Brands since 2017, according to his LinkedIn profile, said in a statement that he was confident his background would ensure a seamless leadership transition. Fat managed to open significant numbers of new units in recent years through franchised unit development, though its development has slowed since 2022. Fat opened 142 new stores in 2022, followed by 125 in 2023 and 92 in 2024, according to respective earnings releases. The multi-brand platform is in the process of refranchising company-owned Fazoli's units and plans to refranchise its Hot Dog on a Stick locations, according to its Q4 2024 earnings release. Combined with the spinoff of Twin Peaks, these moves would shift Fat's store system to being almost 100% franchisee-operated. Like many competitors, Fat has suffered from declining same-store sales, with that metric falling 2.5% in fiscal 2024 and 1.6% in Q4. Systemwide sales increased in Q4, however, driven by the scale of Fat's new openings. But the company's net losses more than doubled from $90.1 million in 2023to $189.8 million in 2024. Recommended Reading Feds indict Andrew Wiederhorn, Fat Brands in $47M loan scheme Sign in to access your portfolio
Business Insider
30-04-2025
- Business
- Business Insider
Fat Brands names Taylor Wiederhorn as Co-CEO
Fat Brands (FAT) announces the appointment of Taylor Wiederhorn as Co-CEO. Effective April 29, Rob Rosen will transition from his role as Co-CEO to a consulting position focused on debt/capital markets for the company. Ken Kuick will continue to serve as Co-CEO and CFO. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Globe and Mail
04-04-2025
- Business
- Globe and Mail
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 ### 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 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.
Yahoo
04-04-2025
- Business
- Yahoo
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 ### 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 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. MEDIA CONTACT: Erin Mandzik, FAT Brandsemandzik@ in to access your portfolio
