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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297 Articles
Hooters files for bankruptcy as customers turn away from eating out and criticism of customer service methods
[New York - Asada Kenji] Hooters of America, which operates the US restaurant chain Hooters, announced on the 31st that it has filed for Chapter 11 bankruptcy protection in a Texas court. Since last year, restaurant businesses have been going bankrupt one after another in the US. In addition to prolonged inflation, it is possible that a worsening consumer sentiment has led to a decrease in non-essential spending. Hooters of America operates appr…
Restaurant chain Hooters goes bust and files for bankruptcy protection - WSVN 7News | Miami News, Weather, Sports
Hooters is going bust. The U.S. restaurant chain, known for chicken wings and its skimpy “Hooters Girls” wait-staff outfits, has filed for bankruptcy protection. HOA Restaurant Group filed the motion for Chapter 11 protection Monday in the North Texas Bankruptcy Court in Dallas. It’s the latest legacy restaurant chain to run into financial trouble amid high food and labor prices, changing customer tastes and growing competition from newer casual…
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