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Hooters is likely preparing to file for bankruptcy, report says

Hooters is likely preparing to file for bankruptcy, according to a new report from Bloomberg.
Hooters is reportedly working with the Ropes & Gray law firm to prepare a bankruptcy filing, according to Bloomberg.
Hooters has been struggling to pay its bills for a while and took about four times longer to pay its vendors than the average restaurant chain, as reported by Restaurant Business Online.
In June, Hooters closed about 40 struggling locations across the country, according to the same outlet.

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The Washington Free Beacon

Too Big To Fail: Trump Must Act To Save Hooters From Bankruptcy

The first existential crisis of Donald Trump's second term is upon us. Hooters, the iconic casual dining chain best known for its decades-long commitment to male camaraderie and female empowerment, is reportedly on the verge of filing for bankruptcy. The storied franchise has been struggling to overcome financial difficulties such as mounting debt and declining foot traffic at its nearly 300 locations across the United States, and recently engag…

8 days ago·Washington, United States

Hooters looking at possible bankruptcy filing

A bankruptcy filing could potentially be on the menu for Hooters of America in the near future.The company is looking at possibly filing for bankruptcy as a means of restructuring the restaurant chain and tackling its debt, Bloomberg reported Friday, citing unnamed sources.Ropes & Gray has reportedly been brought on board for preparations for that potential move and, according to the outlet, they could file court papers on Hooters’ behalf in the…

8 days ago·United States

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WAFB 9

+6 Reposted by 6 other sources

Hooters is likely preparing to file for bankruptcy, report says

Hooters is likely preparing to file for bankruptcy, according to a new report from Bloomberg.

8 days ago·Baton Rouge, United States

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WKRC

Hooters is reportedly preparing a bankruptcy filing

The chain is known for its chicken wings and scantily clad waitresses.

8 days ago

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retailwire.com

Hooters Could Be Preparing Bankruptcy Filing After Closing Several Restaurants - RetailWire

Hooters could be in the process of filing for bankruptcy.

8 days ago

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The US Sun

'Mixed bag of issues' slam Hooters diners as bankruptcy rumors swirl

HOOTERS has potential Chapter 11 bankruptcy plans underway, but the move comes as no surprise to diners. As the popular sports bar plans to restructure in the coming months, customers have called out several key issues contributing to the chain’s decline. Hooters is speculated to soon file for Chapter 11 bankruptcyGetty Images - Getty GettyMany Hooters customers were not surprised the chain was considering filing for bankruptcy[/caption] Hooters…

8 days ago

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