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Bankrupt FAT Brands Eyes Potential Sale

FAT Brands is moving toward a potential sale. The restaurant group, which filed for bankruptcy in late January, recently outlined plans to pursue a court-supervised sales process. The franchisor operates 18 restaurant brands—like Fatburger, Johnny Rockets, and Fazoli’s—across more than 2,000 locations worldwide. Bids could be for the entire company or for individual concepts. The […]

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Legal, News, Outside Insights, Story

The Penny Shortage and Franchise Systems: What QSR Operators Need to Do Now

Though largely unnoticed by most Americans, the disappearance of pennies has considerably impacted businesses, and more specifically franchise systems such as quick-service brands, in more ways than one. To put it in perspective, according to the National Restaurant Association, more than one in four restaurant purchases are paid in cash. While many businesses outside the […]

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Fast Casual, Finance, Legal, News, Story

Slutty Vegan Founder Pinky Cole Files for Bankruptcy Amid Mounting Debt

Aisha “Pinky Cole,” the founder of plant-based chain Slutty Vegan, filed for bankruptcy in late February. The restaurateur listed between $1 million and $10 million in assets and $1 million to $10 million in liabilities. Cole currently owes $1.2 million to the Small Business Administration via a COVID Economic Injury Disaster Loan. She also owes […]

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Fast Casual, Fast Food, Legal, News, Story

FAT Brands Faces Leadership Turmoil Days into Bankruptcy Case

Early in FAT Brands’ bankruptcy case, a fight over control of the company has erupted. At the center of the dispute is a January 30 stock sale, four days after FAT Brands and related entities filed for bankruptcy. Twin Hospitality Group issued 9 million shares of common stock to White Lion Capital for about $3.1 […]

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