Twin Peaks owner files for bankruptcy. Will Florida locations close? [Yahoo! Finance]
Twin Hospitality Group Inc. - Class A (TWNP)
Company Research
Source: Yahoo! Finance
Twin Hospitality Group, the parent company of Twin Peaks Restaurant, announced it filed for Chapter 11 bankruptcy on Monday, Jan. 26, in the U.S. Bankruptcy Court for the Southern District of Texas. The fast-casual chain known for servers in revealing outfits opened its first location in the Dallas suburb of Lewisville, Texas, in 2005. The bankruptcy filing comes only a few months after Fat Brands, the parent company of Twin Hospitality Group and other restaurant brands like Fatburger, Great American Cookies and Fazoli's, began converting Smokey Bones barbecue restaurants into Twin Peaks . Fat Brands acquired Smokey Bones in 2023 and, in recent years, has shuttered a few locations and converted others. The restaurant chain, which has 114 corporate locations in the United States and Mexico, is expected to remain open through the process, according to a news release There are currently 16 Twin Peaks locations in Florida. Last November, Twin Hospitality Group announced it was ac
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News
- Infamous ‘Breastaurant' Chain Files for Bankruptcy. Here's What Could Happen to Its 114 Locations [Yahoo! Finance]Yahoo! Finance
- Twin Peaks parent company files for bankruptcy. Will locations close? [USA TODAY]USA TODAY
- Twin Peaks parent company files for bankruptcy. Will locations close? [Yahoo! Finance]Yahoo! Finance
- Twin Peaks restaurants to remain open following bankruptcy filing [Yahoo! Finance]Yahoo! Finance
- Twin Hospitality Group files for Chapter 11 bankruptcy [Seeking Alpha]Seeking Alpha