FAT Brands has filed for Chapter 11 bankruptcy protection.
Restaurant franchiser FAT Brands, which owns popular fast-casual chains including Fatburger, Johnny Rockets and Twin Peaks, has filed for bankruptcy amid a mounting debt of roughly $1.3 billion.
The California-based company, which oversees 18 restaurant brands with more than 2,200 locations worldwide, filed for Chapter 11 bankruptcy in Texas on Monday. …
The franchiser emphasized that its signature brands such as Fatburger, Johnny Rockets and Round Table Pizza are expected to remain operating as usual during the Chapter 11 process.