![]() to rebrand the acquired stores, the future financial performance and growth of the rebranded stores following the acquisition, increases in manufacturing volumes, and the Company’s ability to conduct future accretive and successful acquisitions. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and ability of Crest Foods Inc. For more information on FAT Brands, please visit Forward Looking Statements The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. Tasty.) BrandsįAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. To date, acquisitions have been a strong growth vehicle for FAT Brands, and we anticipate the combination of our production and distribution facility and scale to increase the profitability of the franchisees that are joining us in this acquisition.”įor more information on FAT Brands, visit Nestle ®, Toll House ®, Nescafe ®, Milano ®, Edy’s ® and associated logos and designs, are trademarks of Societe des Produits Nestle S.A., and used by Crest Foods, Inc. “These stores will fold seamlessly into our Quick-Service Division and provide us the opportunity to increase the capacity of our manufacturing business, a key growth objective. “In 2022 we are focused heavily on our deep organic growth pipeline, but we saw great value in making this accretive acquisition,” said FAT Brands CEO Andy Wiederhorn. This acquisition will add to FAT Brands’ Atlanta-based manufacturing facility, providing supply chain efficiencies and cost-savings, as well as increasing the scale that will result from increased manufacturing volume. The acquisition is expected to increase FAT Brands’ foothold as a leader in the dessert category within the cookie and ice cream spaces, joining its existing Great American Cookies and Marble Slab Creamery brands.Ĭrest Foods currently franchises approximately 85 Nestlé ® Toll House ® Café by Chip ® cafés across the U.S. and rebrand the stores as Great American Cookies. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced today that it has agreed to acquire the franchised chain of stores known as Nestlé ® Toll House ® Café by Chip ® from Crest Foods, Inc. LOS ANGELES, (GLOBE NEWSWIRE) - FAT (Fresh. They will conveniently "forget" to raise your pay for months if you let them.Global Restaurant Franchising Company Shows Large Appetite for Dessert Category with Portfolio Addition If you accept a promotion, make sure you get your raise. But if your ambitions in life are modest, it might be perfect for you. High school kids will just get worked and juiced until you leave, or for like five years or something until you're old enough to be respected. Good workers get noticed, and there's a high turnover, so if you just wait for everyone you're currently working with to quit (a year or so at most), you can advance. If you show up for work every day (don't call in), don't steal from the company, and don't do disgusting unsanitary things with the product, you can be lazy, a slow worker, and also stupid, and never be fired. There is a lot of standing around on the clock happening. Your "interview" is actually your orientation. The policy seems to be "hire everyone who applies".
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