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Jannie Delucca
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FAT Brands to Buy Johnny Rockets

Jannie Delucca

Fat Makes, the owner of Fatburger, has reached a deal to invest in Johnny Rockets for about $twenty five million from its personal fairness agency owner Sunlight Cash Associates.

“This acquisition is a transformative function for Fat Makes in conditions of scale and manufacturer awareness,” Fat Makes main government officer Andy Wiederhorn explained in a assertion. “We see a whole lot of synergy with Johnny Rockets and our present-day cafe ideas and we are eager to take the manufacturer to new heights.”

Fat Makes is funding the deal with funds on hand and proceeds from its securitization facility. When the deal closes, it will have much more than 700 dining establishments throughout the world with yearly process-extensive gross sales exceeding $700 million.

The announcement of the deal comes as lots of quickly-food stuff dining establishments have viewed a sharp maximize in desire amid COVID-19 lockdown orders.

Fat Makes noted a

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