FAT Brands Announces Chief Real Estate Officer Hire, Justin Nedelman, To Support Robust Development Pipeline
09 Novembro 2021 - 3:10PM
FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the hiring of
its first Chief Real Estate Officer, Justin Nedelman. Nedelman
brings significant experience from his former role as CEO of Eureka
Restaurant Group, LLC (“Eureka!”), where he led the company from
its inception in 2009 through rapid growth until his departure in
January 2021. Overseeing the real estate of FAT Brands’ growing
portfolio of over 2,100 restaurants, Nedelman will help support
organic growth with existing franchisees while also spearheading
further real estate expansion across the brands’ 15 concepts,
identifying best-in-class, high volume locations.
A seasoned C-Suite Executive, Nedelman has an
impressive track record in growing brands with a strategic focus on
real estate. During his time at Eureka!, he grew the brand to 26
company-owned and operated restaurants in six states including
California, Texas, Colorado, Washington, Idaho, and Nevada. Prior
to Eureka!, Nedelman was a Partner at Investwest Companies, a
boutique commercial real estate and fully integrated investment,
development and property management company based in Los Angeles,
where he negotiated retail leases and managed debt and equity
financing for all developments. Before joining Investwest, Nedelman
was a Senior Director at Partners Realty Capital in Newport Beach,
CA, where he was a lead advisor to middle market real estate
developers in commercial real estate equity and highly structured
joint venture debt transactions in all asset classes.
“Justin brings significant real estate finance,
leasing, acquisition and development experience to FAT Brands,”
said FAT Brands CEO Andy Wiederhorn. “We are
currently in high-growth mode, so Justin couldn’t have come
on-board at a better time. He brings tremendous value to the team
as both a retail real estate financier and former operator of a
polished casual dining concept, an area we recently expanded into
with the acquisition of Twin Peaks.”
“I am excited to jump on this amazing rocket
ship led by CEO Andy Wiederhorn and play a role in further
accelerating the growth of the brand,” says Nedelman. “FAT Brands
continues to make noise in the restaurant space with over $900
million in acquisition deals since September 2020. I knew I had to
be a part of this exciting trajectory.”
For more information on FAT Brands, visit
www.fatbrands.com.
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About FAT (Fresh. Authentic. Tasty.)
Brands
FAT Brands (NASDAQ: FAT) is a leading global
franchising company that strategically acquires, markets and
develops fast casual, quick service, casual and polished casual
dining restaurant concepts around the world. The Company currently
owns 15 restaurant brands: Round Table Pizza, Fatburger, Marble
Slab Creamery, Johnny Rockets, Twin Peaks, Great American Cookies,
Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill
& Wings, Pretzelmaker, Elevation Burger, Yalla Mediterranean
and Ponderosa and Bonanza Steakhouses, and franchises over 2,100
units worldwide. For more information on FAT Brands, please
visit www.fatbrands.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to future store
openings and the future financial performance and growth of FAT
Brands. Forward-looking statements reflect our expectations
concerning the future and are subject to significant business,
economic and competitive risks, uncertainties and contingencies,
many of which are difficult to predict and beyond our control,
which could cause our actual results to differ materially from
those expressed or implied in such forward-looking statements. We
refer you to the documents that are filed by FAT Brands Inc. from
time to time with the Securities and Exchange Commission, such as
our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion
of these and other factors. We undertake no obligation to update
any forward-looking statements to reflect events or circumstances
occurring after the date of this press release.
MEDIA
CONTACT: Erin
Mandzik, JConnellyemandzik@jconnelly.com 862-246-9911
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