FAT Brands Navigates Bankruptcy, Cuts Costs
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
FAT Brands, the parent company of Fatburger and Fazolis Pizza, is facing bankruptcy, closing restaurants to cut costs and restructure. Theyve asked to reject leases on 23 Smokey Bones, 7 Yalla Mediterranean, and 2 Johnny Rockets sites, saving $492,000 monthly. Franchise owners are also closing locations, while most brands plan to operate normally. Creditors push for asset sale, which experts believe could benefit the brands long-term. Bankruptcy courts will decide FAT Brands future.
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