Great American Cookies and Marble Slab Creamery Announce Multi-Unit Development Deal in Puerto Rico

Rhea-AI Summary

FAT Brands has announced a new development deal to open 10 co-branded locations of Great American Cookies and Marble Slab Creamery in Puerto Rico within five years. The first two stores are expected to launch by 2024, in partnership with Conceptos Restaurants LLC. This expansion highlights FAT Brands' commitment to growth in Puerto Rico, with additional plans for 10 new Fatburger and Buffalo’s Express locations. Established in 1977, Great American Cookies is renowned for its Original Cookie Cake and chocolate chip cookies, while Marble Slab Creamery is known for its homemade ice cream and mix-ins.

Positive

• Expansion into Puerto Rico with 10 new co-branded locations.
• First two locations expected to open by 2024.
• Partnership with franchisee Conceptos Restaurants enhances growth potential.
• Demonstrates strong franchisee interest with additional commitments for Fatburger and Buffalo's Express.

Negative

• None.

New Deal Marks First Locations for Great American Cookies in the Territory

LOS ANGELES, March 16, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Great American Cookies, Marble Slab Creamery and 15 other restaurant concepts, announces a new development deal to open 10 new co-branded Great American Cookies and Marble Slab Creamery locations in Puerto Rico, in partnership with franchisee Conceptos Restaurants LLC. The Great American Cookies and Marble Slab Creamery locations are set to open over the next five years with the first two locations slated to open by 2024.

"Franchisees like Joezer Serrano Rivera and Brian De Leon at Conceptos Restaurants continue to see the value in building their portfolio within the FAT Brands family,” said Taylor Wiederhorn, Chief Development Officer of FAT Brands. “Not only will they be bringing Great American Cookies and Marble Slab Creamery to the island, they also recently committed to opening 10 new Fatburger and Buffalo’s Express locations over the next five years. We look forward to seeing our presence continue to grow in Puerto Rico, especially with such committed partners.”

For nearly 40 years, Marble Slab Creamery has been an innovator in the ice cream space, dreaming up the frozen slab technique and offering homemade, small-batch ice cream with free unlimited mix-ins, shakes in a variety of flavors, and ice cream cakes.

Since 1977, Great American Cookies has baked up a reputation for not only being the creator of the Original Cookie Cake, but also for its famous chocolate chip cookie recipe. Other craveable menu items include brownies and Double Doozies™, made with delectable icing sandwiched between two cookies.

For more information on Great American Cookies, visit www.greatamericancookies.com. For more information on Marble Slab Creamery, visit www.marbleslab.com.

About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual, casual and polished casual dining restaurant concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza^®, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Native Grill & Wings, Pretzelmaker, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit http://www.fatbrands.com.

About Great American Cookies

Founded on a family chocolate chip cookie recipe in 1977, Great American Cookies believes that pure, simple delight is part of living a full life. Serving the Original Cookie Cake, fresh baked cookies in a variety of flavors, brownies, and Double Doozies^™, we promise to treat you to bites of bliss that prove how sweet life can be. With more than 370 bakeries across the country and internationally in Bahrain, Guam, Saudi Arabia, and treats available to ship right to your door, the sweet spot is always close to home. For more information, visit www.greatamericancookies.com.

About Marble Slab Creamery

Since dreaming up the frozen slab technique and serving fresh homemade, small-batch ice cream in-store since 1983, Marble Slab Creamery has always known how to dream big. We sprinkle our customers with imagination and promise to inspire with infinite ice cream possibilities to feed your curiosity and capture cravings. With our free unlimited mix-in philosophy, delicious ice cream and shakes in a variety of flavors, hand-rolled waffle cones, and ice cream cakes, imagination has no limits. Today, Marble Slab Creamery is enjoyed by consumers across the globe with locations in Bahrain, Bangladesh, Canada, Kuwait, Pakistan, Saudi Arabia, Guam, Puerto Rico, and the United States. For more information, visit www.marbleslab.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 the timing and performance of new store openings. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and 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 we file 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 statement to reflect events or circumstances occurring after the date of this press release.

MEDIA CONTACT:
Erin Mandzik, FAT Brands
emandzik@fatbrands.com
860-212-6509

FAQ

What is the new development deal announced by FAT Brands?

FAT Brands announced a deal to open 10 new co-branded Great American Cookies and Marble Slab Creamery locations in Puerto Rico over the next five years.

When will the first locations of Great American Cookies and Marble Slab Creamery open?

The first two co-branded locations are slated to open by 2024.

Who is partnering with FAT Brands for the new locations?

The new locations are being developed in partnership with franchisee Conceptos Restaurants LLC.

What other restaurant concepts is FAT Brands expanding in Puerto Rico?

In addition to Great American Cookies and Marble Slab Creamery, they also plan to open 10 new Fatburger and Buffalo’s Express locations.

How many restaurant brands does FAT Brands own?

FAT Brands owns 17 restaurant brands, including Fatburger, Marble Slab Creamery, and Great American Cookies.