25-year-old BBQ chain closes 80 restaurants as bankruptcy looms [Yahoo! Finance]
FAT Brands Inc. - Class B (FATBB)
Company Research
Source: Yahoo! Finance
These kitchens often operate with minimal infrastructure, yet consistently deliver the best cuts before closing time. National chains are a different story. While they can serve broader markets, operational decisions, such as menu focus, location strategy, and brand management, can make it harder for them to capture the same local passion that independent spots enjoy. FAT Brands' handling of Smokey Bones is a recent example of how strategic choices reshape consumer options. When it comes to FAT Brands, the company has decided that “breasts beat ribs,” at least when you consider how Twin Peaks servers dress. It has opted to turn many of its Smokey Bones BBQ restaurants into Twin Peaks locations, while simply closing many others. That trend began in 2025 and has continued into the new year. Smokey Bones was acquired as a 60-unit concept by FAT Brands Inc. in 2023 and was subsequently spun off into Twin Hospitality in January 2025. "Twin Hospitality has prioritized optimizing
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News
- A large Subway operator declares bankruptcy [Yahoo! Finance]Yahoo! Finance
- Popular BBQ chain just closed 14 more locations with no warning to customers [Yahoo! Finance]Yahoo! Finance
- BBQ chain shuts 14 more locations amid Chapter 11 bankruptcy [Yahoo! Finance]Yahoo! Finance
- FAT Brands is being delisted from the Nasdaq less than two weeks after filing for bankruptcy [Yahoo! Finance]Yahoo! Finance
- Johnny Rockets, Twin Peaks owner files bankruptcy after $750M expansion backfires [Yahoo! Finance]Yahoo! Finance