FAT Brands Inc., the California-based restaurant conglomerate that has owned Fazoli’s since 2021, has filed for Chapter 11 reorganization bankruptcy protection in Texas.
According to a news release from FAT, the company “plans to use the filings to deleverage the balance sheet, maximize value for its stakeholders and support continued growth of its brands.”
The restaurants are expected to remain operating as usual during the Chapter 11 process, according to the company…