The parent company of Johnny Rockets, Fatburger and Round Table Pizza filed for Chapter 11 bankruptcy protection.
Beverly Hills-based Fat Brands Inc. said in a statement that it filed for bankruptcy on Monday to restructure the debt it accumulated while expanding its company portfolio, citing “difficult and largely unforeseen” market conditions.
The company’s portfolio includes several brands with roots in the Southland. It owns retro diner chain Johnny Rockets, founded in 1986 on Los Angeles’ Melrose Avenue; shopping mall staple Hot Dog on a Stick, founded in 1964 in Santa Monica; and hamburger chain Fatburger, founded in 1947 in Los Angeles’ Exposition Park neighborhood…