“The chapter 11 process will enable us to strengthen our balance sheet and create financial flexibility to advance this growth. We plan to use this process to connect with key stakeholders around a value-maximizing plan and will act prudently to remain steadfast in upholding and protecting stakeholder interest,” said Andrew Wiederhorn, CEO of FAT Brands and Twin Hospitality, in a statement on both organizations’ websites. “Our focus in this process remains providing quality service to our customers and supporting our franchise partners and the thousands of corporate and franchise employees.”
Fazoli’s has restaurants in Miamisburg and Huber Heights. Twin Peaks has locations at Fairfield Commons in Beavercreek and in West Chester.
The restaurants are expected to remain open and operating as usual, according to a statement from Wiederhorn.
Wiederhorn has experienced numerous legal issues.
He served 14 months in a federal prison from 2004 to 2005 and paid a $2 million fine after pleading guilty to filing a false tax return and other charges.
In 2024, he was under federal indictment for money laundering and fraud for allegedly using FAT Brands to pay for more than $27 million in personal expenses. The charges were dropped by the Department of Justice in July 2025.
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