Saturday, December 16, 2017

© Reuters.  FAT Brands adds Ponderosa and Bonanza to the family© Reuters. FAT Brands adds Ponderosa and Bonanza to the family

  • FAT Brands (NASDAQ:FAT) announces that it completed the acquisition of Homestyle Dining LLC.
  • The deal sees the Ponderosa Steakhouse and Bonanza Steakhouse brands move into the FAT family.
  • The company says its franchisees now operate more than 300 restaurants around the globe with system-wide sales exceeding $300M.
  • Looking ahead, FAT plans to develop a smaller-scale Ponderosa and Bonanza concept to drive new store growth, with a specific focus on international markets.
  • FAT Brands trades below the $12 mark where its IPO was priced.
  • Source: Press Release
  • Now read: FAT Brands IPO’s Loyal Followers Reminiscent Of Shake Shack (NYSE:SHAK) IPO

Original article

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