Legal

Fast Casual, Fast Food, Finance, Legal, News, Story

FAT Brands Split Up in Nearly $1 Billion Bankruptcy Sales Process

FAT Brands’ sprawling bankruptcy process appears to have been finalized. A Texas court approved Tuesday the sale of more than a dozen concepts in the portfolio, with a total value of nearly $1 billion. READ MORE ON FAT BRANDS’ BANKRUPTCY CASE: FAT Brands Breakup Begins as Buyers Emerge for Twin Peaks, Elevation Burger, and More […]

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Fast Casual, Fast Food, Legal, News, Story

Gift Card Rule Change in California Raises Compliance Stakes

Since January 1, 2008, California law has required retailers to redeem remaining gift card balances of less than $10 for cash when a consumer requests it. This threshold recently changed. Effective April 1, 2026, gift cards with a remaining balance of less than $15 must be redeemable for cash in California. This change, enacted through […]

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Fast Casual, Fast Food, Finance, Legal, News, Story

FAT Brands Breakup Begins as Buyers Emerge for Twin Peaks, Elevation Burger, and More

It’s the beginning of the end for FAT Brands. Multiple buyers have emerged for different chains, a little more than a month after the restaurant group filed for bankruptcy due to increasing debt. Twin Peaks—FAT Brands’ largest concept in terms of sales—is scheduled to be sold to TWNPKS Bid Co. via a credit bid. It […]

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Burgers, Fast Food, Franchising, Legal, News, Story

Hardee’s Reclaims Dozens of Restaurants in Wake of Large Franchisee’s Bankruptcy

Hardee’s is moving to reclaim and reopen a significant portion of restaurants formerly operated by bankrupt franchisee ARC Burger, which filed for Chapter 7 bankruptcy this week. The company said it expects to assume ownership and resume operations for more than 40 recently shuttered locations. More than 20 units have already reopened across Georgia, South […]

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Burgers, Fast Food, Finance, Legal, News, Story

77-Unit Hardee’s Franchisee Files Chapter 7 Bankruptcy Amid Legal Fight with Franchisor

ARC Burger—the private equity-backed operator that ran 77 Hardee’s restaurants across nine states—filed for Chapter 7 bankruptcy, signaling a full liquidation amid its high-profile legal battle with the burger giant. The move comes after all the restaurants closed permanently in December. The stores were in Alabama, Florida, Georgia, Illinois, Kansas, Missouri, Montana, South Carolina, and […]

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Employee Management, Fast Casual, Fast Food, Franchising, Legal, News, Story

Joint Employer Debate Reignites as Department of Labor Moves to Set Clearer Standard

The joint employer rule is up for debate once again. On Wednesday, the U.S. Department of Labor moved to establish a unified standard for determining joint employer status under the Fair Labor Standards Act and align it with the Family and Medical Leave Act and the Migrant and Seasonal Agricultural Worker Protection Act. The move—featuring […]

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Franchising, Legal, News

Coalition of Franchisee Associations Announces Support of Virginia House Bill 69 and Senate Bill 240

The Coalition of Franchisee Associations (CFA) announced its strong support for the passage of Virginia House Bill 69 and Senate Bill 240, landmark legislation that prohibits non-compete clauses in franchise agreements across the Commonwealth of Virginia. The bills were signed into law by Governor Abigail Spanberger and will take effect on July 1, 2026. This […]

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Franchising, Legal, News, Story

Joint Employer Rule: Where Are We Now?

The National Labor Relations Board rescinded its rule to assess joint employment relationships in February and returned to a previous standard that imposes heightened requirements on employees to establish an employment relationship under U.S. labor law. The change should benefit restaurant industry owners and managers because employees of fast-casual or quick-serve franchisees will have more […]

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Fast Casual, Finance, Legal, News, Sandwiches, Story

11-Unit Firehouse Subs Franchisee Files for Bankruptcy

A multi-unit Firehouse Subs franchisee filed for bankruptcy on Monday after a failed expansion strategy, rising costs, and mounting debt. CN Holdings, owned by Chris Morris and Natalie Bosworth, operates 11 Firehouse locations in Utah and Idaho. The company intends to restructure operations by shedding underperforming stores and focusing on core profitable units. According to […]

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Fast Casual, Fast Food, Finance, Legal, News, Story

CEO Andy Wiederhorn to Step Aside as FAT Brands Strikes Deal to Stabilize Bankruptcy

FAT Brands’ bankruptcy case took a decisive turn as the company asked a federal court to approve a sweeping governance overhaul—one that sidelines longtime CEO Andy Wiederhorn, hands control to an independent committee, and unlocks debtor-in-possession financing needed to keep the business operating. A recent court filing outlined an agreement between FAT Brands, a group […]

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