Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Nescafe Toll House Cafe franchise will be getting a new owner as FAT Brands Inc. has entered into a deal to buy it this year. It was reported that the American multi-brand restaurant operator headquartered in Beverly Hills, California, will be acquiring around 85 outlets of Nestlé Toll House Café by Chip in the United States.
With the deal, FAT Brands will effectively become the dessert cafe’s new parent company. According to Fox Business, the restaurant company announced on Wednesday, May 25, that it would acquire the cafe franchise but did not mention the financial terms of the deal.
FAT Brands said that this purchase would definitely help boost its dessert portfolio, especially its cookie and ice cream line. Once the negotiation is closed, the Nestlé Toll House Café stores will be opened and reintroduced as Great American Cookies, which is already an existing gourmet cookie brand owned by FAT Brands as well.
Nestlé Toll House Café will also be merged with FAT Brands’ ice cream chain called the Marble Slab Creamery. The ice cream maker has been offering 75 flavors already, and with the merge with the bakery chain, this number of flavors is expected to grow further.
“In 2022 we are focused heavily on our deep organic growth pipeline, but we saw great value in making this accretive acquisition. 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,” Andy Wiederhorn, FAT Brands chief executive officer, said in a press release.
The chief added, “To date, acquisitions have been a strong growth vehicle for FAT Brands, and we anticipate the combination of our production and distribution facility and scale to increase the profitability of the franchisees that are joining us in this acquisition.”
The 85 Nestlé Toll House Café by Chip stores across the U.S. is owned and operated by Crest Foods Inc., and the franchise was launched in the market in 2000. The dessert and cafe chain are present in shopping centers and popular malls.
It has become a favorite place for people who love cakes, cookies, crepes, ice cream, brownies, milkshakes, and smoothies. The place also serves sandwiches and hot coffee, and for years it has been the biggest competitor of Mrs. Field’s Original cookie brand.
