3 days ago · Fat Brands, which still owns 95% of Twin Peaks after the spinoff, plans to use proceeds from the IPO to pay down debt. Twin Peaks, meanwhile, hopes the capital infusion will help it quickly open more restaurants. It plans to open as many as 16 new units in 2025 and believes there is room for up to 650 Twin Peaks in the U.S. and 250 internationally.

A significant milestone came in September 2020 when FAT Brands acquired Twin Peaks for $300 million. The acquisition has further fueled the chain's growth, with Twin Peaks reaching 115 restaurants ...

Twin Peaks is so much more than your typical sports bar. Our lodge welcomes every guest with World Series walk offs and barrel-aged whiskey. The second you step inside, you’re surrounded by a lodge full of friendly and attentive Twin Peaks …

4 days ago · On Thursday, Twin Peaks officially became its own public company after Fat Brands spun off Twin Hospitality Group. The sports bar chain has a lot to look forward to following its debut on Nasdaq — from a plan to open nearly a dozen stores annually to an effort to boost its average unit volumes by over $1 million.

Nov 4, 2024 · Parent company FAT Brands filed a Form 10 registration statement with the U.S. Securities and Exchange Commission, stating the 18-brand portfolio company’s intent to distribute 5 percent of the Twin Hospitality Group to shareholders.

Jan 17, 2025 · Dive Insight: Fat Brands, which bought Twin Peaks in 2021 for $300 million, always kept the brand independent and maintained the chain’s own management team instead of integrating it like all the other brands it has acquired, Wiederhorn said. “When we looked at the IPO market for Twin Peaks and then just the private equity market, we felt like the highest and best value for the Twin Peaks ...

Jun 6, 2023 · Brands Inc. (NASDAQ: FAT) today announced its plans to pursue an initial public offering of its Twin Peaks restaurant business. The transaction is intended to unlock value for FAT Brands shareholders by creating a separate publicly traded company and help facilitate continued strong growth of the restaurant chain and market segment.

Oct 1, 2021 · Brands Inc. (NASDAQ: FAT) (FAT Brands or the Company) today announced the completion of its pending acquisition of the Twin Peaks restaurant chain from Garnett Station Partners for $300 million. As a result of the acquisition, FAT Brands has entered a new restaurant category, polished casual dining.

Nov 4, 2024 · The Los Angeles-based Fat Brands filed a registration statement with the U.S. Securities and Exchange Commission for the planned spinoff of Twin Peaks under the Twin Hospitality Group name. Fat Brands shareholders will get 5% of the shares of the new company, while Fat Brands will keep the other 95%.

Sep 1, 2021 · Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced today that it has agreed to acquire Twin Peaks, a chain of sports lodges known for scratch-made food and signature 29° draft...