Rapidly Growing West Coast Franchisor Expands with Acquisition of
Authentic Mediterranean Cuisine Chain
LOS ANGELES--(BUSINESS WIRE)--
FAT
(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT)
(“FAT Brands” or the “Company”) completed the acquisition of Yalla
Mediterranean, a Los Angeles-based chain specializing in authentic,
healthful Mediterranean cuisine and environmentally-friendly operations.
With the acquisition of Yalla Mediterranean, FAT Brands
franchises more than 300 restaurants worldwide and has over 300
additional restaurants under development in 32 countries, with annual
system-wide sales greater than $300 million.
Founded in 2014, Yalla Mediterranean serves authentic cuisine prepared
fresh daily with farm-friendly, GMO-free local ingredients from a menu
that includes vegetarian, vegan, gluten-free and dairy-free options to
accommodate customers with a wide variety of dining needs and
preferences. The brand demonstrates its commitment to the environment by
using responsibly-sourced proteins and utensils, bowls and serving trays
made from compostable materials. Each of Yalla’s seven locations across
California also feature on-tap selections of craft beers and fine wines.
FAT Brands' acquisition of Yalla Mediterranean expands its
already-diverse portfolio of brands, which includes Fatburger, Buffalo's
Cafe, Buffalo's express, Hurricane Grill & Wings and Ponderosa and
Bonanza Steakhouses.
“Yalla Mediterranean's commitment to authentic, healthy and
responsibly-sourced products aligns strongly with FAT Brands'
commitment to providing guests with high-quality, made-to-order meals,”
said Andy Wiederhorn, President and CEO of FAT Brands. “By
bringing Yalla Mediterranean into the FAT Brands family, we'll be
able to help the brand grow its footprint in its existing markets and
expand to new markets through our extensive network of franchise
partners.”
For more information on Yalla Mediterranean, visit YallaMedi.com.
Additional information about FAT Brands is available at FATBrands.com.
Fresh. Authentic. Tasty. Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that
strategically acquires, markets and develops fast casual and casual
dining restaurant concepts around the world. The Company currently owns
seven restaurant brands, Fatburger, Buffalo’s Cafe, Buffalo’s Express,
Hurricane Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses, that have over 300 locations open and more than 300 under
development in 32 countries.
About Yalla Mediterranean
Yalla is a growing fast-casual restaurant brand specializing in
authentic Mediterranean cuisine in a vibrant, environmentally-friendly
space. Currently located in Pleasant Hill, Fremont, Walnut Creek and
Dublin in California’s Bay Area as well as Burbank, Seal Beach and
Culver City in Southern California, the restaurant offers a warm and
inviting environment for guests to enjoy flavorful, authentic, and
healthy Mediterranean cuisine.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181204005305/en/
Investor Relations:
ICR
Alexis Tessier
IR-FATBrands@icrinc.com
203-682-8286
PCG Advisory Group
Vivian Cervantes
vivian@pcgadvisory.com
646-863-6274
Media Relations:
Konnect Agency
Liz Duggan/Rebecca Campbell
eduggan@konnectagency.com
rcampbell@konnectagency.com
646-453-7516
Source: FAT Brands Inc.