Fat Brands, Inc. (FAT-NASDAQ CM), the restaurant franchisor of Fatburger, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Yalla Mediterranean, the Ponderosa and Bonanza Steakhouses, and the recently acquired Elevation Burger, has registered a “best efforts” offering of up to $30 million of preferred stock and warrants.
Kura Sushi USA, a wholly-owned subsidiary of Osaka-based Kura Sushi Japan, filed an S-1 with the Securities and Exchange Commission last week and intends to raise approximately $58 million in an initial public offering. BMO Capital Markets and Stephens Inc. are underwriting the offering.
MOD Pizza, based in Bellevue, Washington was founded in 2008 by Scott and Ally Svenson,. The Svensons had built two successful food service companies while living in England.Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
Sizzler USA is undergoing a significant management shift. CEO Kerry Kramp is among five executives who exited the iconic West Coast brand early last week. It’s unclear whether they quit or were forced out.
The highlight of Noble Roman’s first quarter report was the first franchised Noble Roman’s Pizza & Pub in Lafayette, Indiana, that opened on May 2. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
Well regarded pure franchising Restaurant Brands Int’l (QSR), best of breed company operator, Texas Roadhouse (TXRH), and the mature, professionally managed, multi-chain operator and franchisor, Brinker International, (EAT) all reported their March quarter within the last 36 hours. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
Restaurant Finance Monitor founder John Hamburger talks about the evolution of restaurants with Tyler Carlson on SiteZeus's Tech & Mortar podcast. John also provides a macro look at the restaurant industry and gives advice to growing companies on how to survive a down cycle.
Karen J. Hutton admits that she hates to lose. “I’m very competitive. I want Hutton to be the best, and I want the client to see me as offering as much or better service than anyone else. That’s my drive every day,”
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