FAT Brands Inks 50-Store Franchise Deal To Debut Fatburger and Buffalo's Express In Mexico

FAT Brands Inc FAT has announced a deal to develop 50 co-branded Fatburger and Buffalo's Express locations in Mexico.
The 50-store franchise deal is in partnership with the Red Rombo Group.
FAT brands did not disclose the terms of the deal.
The co-branded concept, Fatburger and Buffalo's Express, will make its debut in Mexico City with three locations slated in the capital city.
The first franchise store under this partnership is set to open by the end of the year.
"We're excited to bring the popularity of Fatburger and Buffalo's Express to Mexico, where the fast-casual market is growing steadily year after year," said CEO Andy Wiederhorn.
Price action: FAT shares are trading higher 2.69% at $12.61 on the last check Thursday.