Nathan's Hot Dogs is facing backlash in the wake of a report that its executive chairman is holding a fundraiser for President Donald Trump this week.

Howard Lorber, the hot-dog chain's executive chairman and one of Trump's best friends, is holding a fundraiser for the president on Friday, Bloomberg reported.

People are threatening to boycott the hot-dog brand following the report.

Nathan's Hot Dogs is facing backlash in the wake of a report that the iconic brand's executive chairman is holding a fundraiser for President Donald Trump.

On Monday, Bloomberg reported that Howard Lorber is holding a fundraising event for Trump in the Hamptons on Friday. Lorber, who is a real estate mogul in addition to being Nathan's Hot Dogs executive chairman, has been friends with Trump for decades. In 2016, Trump named Lorber as one of his two best friends when asked by The New York Times.

News of the fundraiser sparked backlash against Nathan's on social media.

Questlove, a musician who has spoken out against Trump in the past, tweeted on Wednesday: "welp. Goodbye Nathan's."

Nathan's Hot Dogs did not respond to Business Insider's request for comment.

Nathan's was founded as a hot-dog stand on Coney Island in 1916 by Nathan Handwerker. In 1987, the Handwerker family sold the business to a group of private investors, which included Lorber.