Twin Hospitality Group appoints Andy Wiederhorn as board chairman

LOS ANGELES - Twin Hospitality Group Inc. (NASDAQ:TWNP), the parent company of Twin Peaks and Smokey Bones restaurant chains, announced Monday the appointment of Andrew "Andy" Wiederhorn as Chairman of its Board of Directors, effective immediately. The appointment comes as FAT Brands (NASDAQ:FAT), where Wiederhorn previously served, trades near its 52-week low of $1.75, with a market capitalization of approximately $33 million.

Wiederhorn previously served as Chairman of the Board at FAT Brands Inc. (NASDAQ:FAT) since 2023 and was instrumental in the strategic spin-out of Twin Hospitality Group earlier this year. The transaction separated the Twin Peaks and Smokey Bones restaurant brands from FAT Brands into the newly formed Twin Hospitality Group. According to InvestingPro data, FAT Brands maintains a significant debt burden with a debt-to-capital ratio of 96%, while offering a notable dividend yield of nearly 30%.

"I am honored to serve as Chairman of Twin Hospitality Group during such an exciting time in the Company’s journey," Wiederhorn said in a press release statement. "The leadership team is executing with discipline by streamlining operations, enhancing the guest experience, and positioning the business for sustained growth."

Twin Hospitality Group describes itself as a restaurant company focused on developing and operating specialty casual dining restaurant concepts with the goal of redefining the casual dining category through its experiential driven brands.

The company completed its separation from FAT Brands earlier in 2025, establishing itself as an independent, publicly traded entity on the Nasdaq exchange under the ticker symbol TWNP.

In other recent news, FAT Brands Inc. reported its second-quarter 2025 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of -$3.17, significantly below the projected -$1.03. Revenue for the quarter was $146.8 million, representing a 3.4% decrease from the previous year. The earnings miss has raised concerns among investors regarding the company’s financial health. Additionally, FAT Brands has not announced any mergers or acquisitions recently. Analyst firms have not provided any new upgrades or downgrades for FAT Brands at this time. These developments highlight the current challenges facing the company.

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