Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
NRW Holdings Shares Surge After Securing Major Rio Tinto Contract and New Project Wins 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
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.
