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FAT Brands Acquires Yalla Mediterranean to Expand Portfolio of Franchised Restaurant Brands
Thursday 06 December 2018

6 December 2018 - California, US-based restaurant franchisor FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) has acquired Los Angeles, US-based Mediterranean cuisine-based restaurant chain Yalla Mediterranean to expand its portfolio of brands, the company said.
Terms of the transaction were not disclosed.
With the acquisition of Yalla Mediterranean, FAT Brands franchises more than 300 restaurants worldwide and has additional restaurants under development in 32 countries, with annual system-wide sales greater than USD 300m.
FAT Brands' acquisition of Yalla Mediterranean expands its diverse portfolio of brands, which includes Fatburger, Buffalo's Cafe, Buffalo's express, Hurricane Grill and Wings and Ponderosa and Bonanza Steakhouses.
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 and Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses.
Yalla is a growing fast-casual restaurant brand specialising in authentic Mediterranean cuisine.
Date Published: 06/12/2018
Target: Yalla Mediterranean
Country: USA
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Status: Closed
Buyer: FAT,  (Fresh. Authentic. Tasty.) Brands Inc
Terms of the deal were not disclosed