On Thursday, FAT Brands announced it would purchase retro-diner chain Johnny Rockets for $25 million.
FAT Brands will purchase Johnny Rockets from Sun Capital Partners, Inc. for around $25 million, taking over the diner brand's 325 locations worldwide. FAT Brands CEO Andy Wiederhorn told Business Insider in an interview that the acquisition has been in the works for a while. Here's a look at the history of Johnny Rockets and why FAT Brands believes the chain has enduring appeal.The original Johnny Rockets restaurant on Melrose Avenue in Los Angeles, California.Johnny Rockets was born on June 6, 1986 on Los Angeles' glamorous Melrose Avenue out of a fashion retailer's nostalgia for the malt shops of his childhood.Santa Monica's diners as a child during World War II.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meet Stephen Ross: Inside his life and $7.2 billion net worth - Business InsiderStephen Ross — Trump donor and Equinox chairman — is reportedly mobilizing a $100 million campaign to elect NYC's next mayor. Take a look at how one of the city's richest residents built his fortune. Unless he is giving it to mayawiley we dont wanna hear it!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Santa Barbara County, Prince Harry and Meghan Markle's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why do we need to talk about it? They are cute they are loved It here in covid it’s harsh just relax be happy enjoy things cuz life is going to get harder
Source: BusinessInsider - 🏆 729. / 51 Read more »
Burger merger: Fatburger owner is buying Johnny Rockets for $25 millionBurger lovers, rejoice: FAT Brands, the owner of Fatburger, is buying the 1950s diner-themed chain Johnny Rockets for $25 million. SayHisName
Source: CNN - 🏆 4. / 95 Read more »
Elon Musk attacks rocket rival as 'a complete waste of taxpayer money' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Rocket Companies surges 9% after reporting eye-popping growth in preliminary earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Subprime mortgage lenders do great until the housing bubble bursts.
Source: BusinessInsider - 🏆 729. / 51 Read more »