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The North American bakery franchise will be acquired by FAT Brands Inc. – the global restaurant franchise company that brands itself as "Fresh. Authentic. Tasty."
FAT Brands announced its acquisition plans on Wednesday, May 25, but refrained from disclosing how much the cookie franchise acquisition will cost.
In a press release, FAT Brands stated the purchase is "expected to increase" the company’s dessert portfolio, specifically within the cookie and ice cream category.
The Nestlé Toll House Café stores will be rebranded as Great American Cookies – an existing gourmet cookie franchise that FAT Brands already owns. The soon-to-be converted bakery chain will also join the FAT Brands’ ice cream chain Marble Slab Creamery, which has more than 75 flavors on its menu.
"In 2022 we are focused heavily on our deep organic growth pipeline, but we saw great value in making this accretive acquisition," said FAT Brands CEO Andy Wiederhorn. "These stores will fold seamlessly into our Quick-Service Division and provide us the opportunity to increase the capacity of our manufacturing business, a key growth objective."
There are approximately 85 Nestlé Toll House Café franchise locations throughout the U.S., according to FAT Brands.
source : https://www.foxbusiness.com/lifestyle/nestle-toll-house-cafe-acquisition-fat-brands