Fat Brands rises on expansion into Israel

Fat Brands

30/03/2022 15:23

** Shares in Fatburger parent  FAT.O  rise 3.9% to $7.65
    ** FAT says it is expanding into Israel with 10 new
franchised Johnny Rockets restaurants through deal with
franchisee F and J Master License, as part of co's Middle East
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    ** F and J Master License will open the restaurants, which
are currently in more than 25 countries, over the next 10 years
    ** FAT shares have lost over a quarter of their market value
this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))