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0 0 0.0013331555792561 0.0186641781095854 -0.00706439141447814 -0.00706439141447814 -0.0266497800293295 -0.0307958938808159
Stock impact report

Twin Hospitality Group appoints Andy Wiederhorn as CEO [Yahoo! Finance]

Twin Hospitality Group Inc. - Class A (TWNP) 
Company Research Source: Yahoo! Finance
Twin Hospitality Group appointed Andy Wiederhorn as CEO , effective immediately, the company said last week in a press release. The company terminated Kim Boerema as CEO of the company in December, but didn't disclose a reason for his dismissal. Boerema joined the company as CEO in May 2025 after the resignation of Joe Hummel. Twin Hospitality was spun off from Fat Brands last January to help pay down the debt of its parent company, which grew to over $1 billion following several acquisitions. Fat Brands is under pressure from its creditors to pay its debt and previously said it is at risk of bankruptcy While Twin Hospitality, which operates Twin Peaks and Smokey Bones, continues to open restaurants and sign franchisee agreements , the company faced growing losses and declining same-store sales and revenue during the third quarter, according to an earnings release . The company closed 15 underperforming Smokey Bones restaurants last year, and plans to convert 19 units of that b Show less Read more
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