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Hooters prepares to file for bankruptcy amid declining foot traffic: report

Hooters of America is reportedly working with creditors to restructure its business via bankruptcy, according to a report from Bloomberg.
Hooters is dealing with approximately $300 million in debts and has closed about 40 locations recently.
The restaurant chain is expected to file for bankruptcy and may begin court proceedings in the next few months.
Currently, Hooters operates around 300 restaurants globally, a decline from 333 in 2018.

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Newsweek

Hooters in bankruptcy talks: What we know so far

Many restaurants have filed for bankruptcy or significantly updated their ordering systems in an attempt to stay financially afloat

9 hours ago·United States

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Toronto Sun

Hooters in talks for potential bankruptcy in coming months

Hooters of America is working with creditors on a plan to restructure the business through bankruptcy court in the coming months, according to people with knowledge of the arrangements.

10 hours ago·Toronto, Canada

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The Business Journals

Report: Atlanta-based Hooters could file for bankruptcy

Around a dozen restaurants dot the metro area.

11 hours ago·United States

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WLTReport

Hooters Plans To File For Bankruptcy * 100PercentFedUp.com * by Anthony T

Hooters of America is planning to file for bankruptcy in the upcoming months. Hooters is in talks with creditors and law firm Ropes & Gray about restructuring the business through bankruptcy court. In 2021, the chain sold $300 million in asset-backed bonds. The once-popular chain has been facing financial difficulties as foot traffic has decreased at dozens of its locations. Hooters to declare bankruptcy. Follow: @AFpost pic.twitter.com/iSZmUdr…

13 hours ago

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BroBible

Hooters Reportedly Filing Bankruptcy, Sending Shockwaves Through The Male Community

Hooters waitresses on balcony at restaurant No, there is no need to rush out and create a #SaveHooters grassroots campaign, yet, but Hooters of America is reportedly in the process of preparing a bankruptcy filing. However, it probably wouldn’t hurt to have a meal or two at one of their restaurants soon to help stave off any possible closures in your area. According to Bloomberg, some anonymous sources with knowledge of the situation say Hooters…

13 hours ago

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Breitbart

Bloomberg: Hooters Is Preparing to File for Bankruptcy

The Hooters restaurant chain is reportedly in talks to file for bankruptcy in the coming months. This comes after Hooters shuttered several of its locations last year, following a decline in patrons.

14 hours ago·United States

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