Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Visa to Move European Headquarters to London’s Canary Wharf 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
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.
