Interest in Physical Fitness Wanesin Bear Markets

Thursday Sept 7,2017

Los Angeles-based Fat Brands, parent of the 162-unit Fatburger chain, said it wants to raise $24 million from an initial public offering, according to regulatory filings made with the Securities and Exchange Commission on Wednesday. It said it wants to use part of the IPO proceeds to fund a planned $10.6 million purchase of the Ponderosa and Bonanza Steakhouse chains owned by Metromedia Restaurant Group, retire debt and finance future acquisitions.

Bobby’s Burger Palace, a 17-unit chain owned by New York-based celebrity chef Bobby Flay, has said publicly it wants to raise up to $15 million in a flotation to fund domestic and international expansion. It hasn’t filed paperwork with the SEC and declined to provide further details.

http://bobbysburgerpalace.com/