Fat Brands confidentially files to IPO its Twin Peaks and Smokey Bones restaurant chains
Publishing timestamp: 2024-05-14 13:28:16
Summary
Fat Brands has confidentially filed to spin off its Twin Peaks and Smokey Bones chains through an initial public offering, following criminal charges against the company and its chair Andy Wiederhorn. The company had previously announced its intention to spin off Twin Peaks last year and is now moving forward with the plan despite the legal issues.
Sentiment: MIXED
Keywords: business, ipo, business news, restaurants, crime, darden restaurants inc, lifestyle, retail industry, fat brands inc, breaking news: business,
Source: https://www.cnbc.com/2024/05/14/fat-brands-twin-peaks-smokey-bones-confidentially-file-for-ipo.html