FAT Brands Inc.

Financing

Fazoli's owner Fat Brands names James Neuhauser executive chairman

The restaurant franchise operator also named Lynne Collier a new independent director. Ed Rensi, the company’s former chairman, will become vice chairman.

Leadership

Fat Brands names Michael Chachula chief information officer

The former executive from The Coffee Bean & Tea Leaf will oversee technology platforms for the owner of Fatburger, Johnny Rockets and Twin Peaks.

Ken Kuick, who heads finance for the owner of Johnny Rockets, Twin Peaks and Fatburger, is getting $200,000 if he stays through the first quarter of next year.

The owner of Fatburger and Johnny Rockets, which made nearly $1 billion worth of deals last year, plans to focus more on digesting its acquisitions.

The CEO of Johnny Rockets owner Fat Brands again denied recently published allegations of inappropriate spending and suggested his past may have led to the federal investigation.

The acquisition of the fast casual brings the brand collector to about 2,300 global restaurant locations and an expected $2.2 billion in systemwide sales for 2022.

The Italian fast-casual chain, with its private equity owner, decided to look for a buyer in April before striking a deal with the owner of Johnny Rockets this week, its CEO said.

The owner of Johnny Rockets has agreed to its third major acquisition this year after deals for Twin Peaks and Global Franchise Group.

The owner of Fatburger, Johnny Rockets and several other chains will have $1.8 billion in system sales as a result of the deal.

The deal for the casual dining chain is the second big acquisition agreement the owner of Fatburger and Johnny Rockets has made this year.

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