EX-99.1
4
ex99-1.htm
FAT
BRANDS ACQUIRES YALLA MEDITERRANEAN
Rapidly
Growing West Coast Franchisor Expands with Acquisition of Authentic Mediterranean
Cuisine Chain
LOS
ANGELES (December 4, 2018) - 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.
Contacts:
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

EX - 99 . 1 4 ex99 - 1 . htm FAT BRANDS ACQUIRES YALLA MEDITERRANEAN Rapidly Growing West Coast Franchisor Expands with Acquisition of Authentic Mediterranean Cuisine Chain LOS ANGELES ( December 4 , 2018 ) - 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 . Contacts : 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