Benzinga | Jul 8, 2021 03:30PM EDT

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

* FAT Brands Inc (NASDAQ: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.