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Popular Chain Restaurant's CEO Steps Down Amid Bankruptcy, Sale
The CEO of FAT Brands and Twin Hospitality Group, Andrew Wiederhorn, has taken a leave of absence as the companies navigate bankruptcy proceedings and a potential sale. Both entities filed for Chapter 11 bankruptcy in January, aiming to strengthen their balance sheets and maximize value for stakeholders. Twin Peaks, a chain under Twin Hospitality Group, will continue operating as usual during this process.