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Stock impact report

Fat Brands signals development strategy with new hires [Yahoo! Finance]

FAT Brands Inc. - Class B (FATBB) 
Company Research Source: Yahoo! Finance
Recommended Reading Feds indict Andrew Wiederhorn, Fat Brands in $47M loan scheme Dive Brief: Fat Brands has hired two development executives: Ammy Harrison, senior vice president of non-traditional development and Maiyo Hood, vice president of international development, the brand announced Wednesday The two executive appointments signal Fat's development priorities, according to the press release. The company is working on building out a roughly 1,100-unit pipeline, according to its Q2 earnings call On the company's Q2 earnings call, Andrew Wiederhorn, Fat's board chairman and ex-CEO, said the brand platform aims to open about 120 units in 2024 and that non-traditional units “such as airports, cruise lines, amusement parks, universities and casinos represent a key area of growth.” Dive Insight: Harrison, who started in her position in May, brings a long tenure in the restaurant industry to Fat. Prior to joining Fat Brands she worked as vice president of development and Show less Read more
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