BBQ chain shuts 14 more locations amid Chapter 11 bankruptcy
Yahoo Finance·2026-01-30 08:03

When a retailer owns multiple brands, it sometimes has to decide where to allocate resources. That situation gets even more complicated when its parent company files for bankruptcy. In this case, FAT Brands, which filed for Chapter 11 bankruptcy protection on Jan. 26, had already decided to allocate resources to its Twin Peaks sports bar concept instead of its Smokey Bones Barbecue restaurant chain. In September, Twin Hospitality, a sister company to FAT Brands, which has also filed for Chapter 11 bankr ...