Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.
Fat Brands has confidentially filed to spin off its Twin Peaks and Smokey Bones chains through an initial public offering.
The announcement comes days after the restaurant company and its chair Andy Wiederhorn were criminally indicted.it has confidentially filed to take its Twin Peaks and Smokey Bones restaurant chains public through an initial public offering, less than a week afterFat Brands announced its intention to spin off Twin Peaks through an IPO last year. At that time, the company had already disclosed a Securities and Exchange Commission investigation into Wiederhorn.
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