Hooters apparently near bankruptcy. But owner of Shrewsbury location says spot to remain open

Hooters and Denny's to close over 290 stores this year in restaurant bloodbath

RESTAURANT chains have been taking serious hits in the past year. Several have either drastically reduced their brick-and-mortar footprint or filed for bankruptcy. GettyHooters is considering filing for bankruptcy this year (stock image)[/caption] GettyDenny’s is also in the midst of mass closures (stock image)[/caption] Denny’s and Hooters also now find themselves among the bloodbath of dining establishment shutdowns. Earlier this month, Denny’…

Hooters apparently near bankruptcy. But owner of Shrewsbury location says spot to remain open

Route 9 restaurant opened in former Chili's in 2015.

The US restaurant chain Hooters, known for its young scantily clad waitresses and chicken wings, could potentially have a bankruptcy filing on the menu.

Hooters may be headed for bankruptcy in coming months

Hooters is reportedly working on a bankruptcy plan that would allow the restaurant chain to restructure and manage debt. It’s parent company, Hooters of America, is said to have met with a law firm about the possibility of initiating a legal process in the next few months that would buy the company time to reorganize. According to Bloomberg, that plan is not final. The Atlanta-based eatery operates more than 400 locations in 29 countries, accord…

Hooters Bankruptcy Threat Imperils Even Securitized Bondholders

Holders of asset-backed bonds issued by a Hooters of America unit are seeking advice on their rights and options as the casual-dining franchise prepares a potential bankruptcy filing in the coming months, according to people with knowledge of the matter.

Hooters May Be Going Bust—Literally

According to a Bloomberg report, Hooters, the once-iconic chain known for wings, beer, and its signature uniforms, may soon file for bankruptcy. Ontario is already down to just two locations—one in Downtown Toronto and another in Niagara Falls—and if the rumours are true, they could be on borrowed time. A Sign of the Times? For many, Hooters closing feels inevitable. The restaurant has struggled for years, with declining sales and changing cultu…