Fat Brands rises on plans to open Fazoli in Puerto Rico

Fat Brands

11/01/2023 16:10

** Shares of Fatburger owner Fat Brands Inc  FAT.O  rise as
much as 3% to over one-month high of $6.65
    ** Stock last up ~2%, on course for eighth straight session
of gains
    ** Company to bring five Fazoli's locations to Puerto Rico
over the next six years in partnership with franchisee Jorge
Rodriguez Lockwood  
    ** The first opening is expected in late 2023
    ** Fazoli is a quick service restaurant in the United States
that is owned by FAT and serves premium Italian food
    ** Stock had fallen ~53% last year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))