Criterion Capital Partners (CCP), a Los Angeles-based merchant bank best known for turning distressed companies into profitable entities, announced it has acquired 10 Fatburger franchise restaurants from Fatburger Restaurants of California, Inc., a subsidiary of holding company Fatburger Corporation.
Fatburger, a burger chain based in Los Angeles, helped support the American Red Cross at Josh Duhamel’s Youth Run For Japan on March 27th.
The Fatmobile, Fatburger’s restaurant on wheels, was on site at the event in Santa Monica, California, where over 4,000 runners braved the cold and rain to pledge their support and raise money for the American Red Cross Japan Earthquake and Pacific Tsunami Relief Fund.
Fog Cutter Capital Group's Fatburger restaurant unit announced the opening of their first two locations in Reno, Nevada. The Northtowne restaurant opened February 14 followed closely by a second restaurant at the Summit Mall on March 14.
Albert Yang, a first-time Fatburger franchisee owns both restaurants and says that business in the Northtowne store has been robust during its first month. Yang attributes some of its success to an excellent location and early neighborhood outreach.
Fog Cutter Capital Group Inc.'s Fatburger restaurant unit announced new restaurants opened in Reseda and Pasadena. The company also confirmed openings in Burbank, Long Beach, and Pomona.