Twin Hospitality Inc. filed for Chapter 11 bankruptcy yesterday.
The significance of this is that Twin Hospitality is the parent company of the slightly classier than Hooters Twin Peaks chain.
Twin Hospitality actually went public almost exactly a year ago, after spinning off from FAT Brands.
By the way, FAT Brands filed for Chapter 11 as well. There’s a long list in the FAT Brands Wikipedia entry, but they own Ponderosa and Bonanza, Marble Slab, and Hot Dog On a Stick among other establishments. They’re also still listed as owning Twin Peaks, but if Twin Peaks went public last year…I’m not sure how that works. Unless FAT Brands owns a majority of the stock?