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Hooters Files for Chapter 11 Bankruptcy, Plans Sale of Company-Owned Restaurants

  • The company plans to sell all of its 100 restaurants to two franchisee groups operating in Tampa and Chicago.
  • Hooters intends to exit Chapter 11 bankruptcy in approximately 90-120 days while continuing its operations as usual.
  • CEO Sal Melilli stated that the brand aims to reinforce its financial foundation and remains committed to customer experience.
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Verdict Foodservice broke the news in on Friday, March 28, 2025.
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