Finance

Global franchising company FAT Brands first announced its intention to purchase the retro diner in August

Utah-based growth fund led by Andrew Smith announces investment in upscale fast-casual fried chicken brand and 2019 NRN Hot Concept winner; Savory to grow Crack Shack by three to five units in 2021.

Six restaurants have permanently closed since the onset of the pandemic; the 62-year-old brand looks to reorganize to deal with the catastrophic business impacts of COVID-19, the company said Monday in a statement.

Most of the permanent layoffs occurred in locations that are temporarily closed in Michigan, Oregon, Louisiana, and North Carolina

Reorganization separates Legendary Baking from the two family-dining chains

Revenues also decreased 85%, reflecting the detrimental effects from nearly 25% of its portfolio remaining closed at the end of the quarter