Thursday, August 13, 2020

FAT Brands announces plan to acquire Johnny Rockets for $25 million

Nation's Restaurant News
FAT Brands — global franchising company and owner of Fatburger, Hurricane Grill & Wings and Ponderosa and Bonanza Steakhouses — announced its intention to acquire Los Angeles-based burger chain Johnny Rockets from private equity firm Sun Capital Partners Inc. for approximately $25 million. The deal, which is expected to go though in September will bring the total number of FAT Brands franchised and company-owned restaurants to 700 internationally, with annual sales of $700 million.. . . more