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Fat Brands Files for Chapter 11
FAT Brands missed interest payments on $1.2 billion debt, facing creditor demands and listing assets and liabilities between $1 billion and $10 billion, filing for restructuring.
Summary by restaurantdive.com
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Restaurant giant files for bankruptcy under massive debt shortly after touting major expansion
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.Its subsidiary, Texas-based Twin Hospitality Group, which spun off from FAT Brands in 2025 prima…
·United States
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Total News Sources8
Leaning Left0Leaning Right3Center1Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
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