US Edition
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.
353 Articles
353 Articles
Hooters, the famous American restaurant chain, announced on Monday that it has officially filed for bankruptcy. The company has requested protection under Chapter 11 of the United States bankruptcy law, hoping to resolve its financial difficulties within 90 to 120 days, according to information transmitted by BFM TV. The article American restaurant chain Hooters files for bankruptcy. What is the reason for the decline of the legendary company ap…
The famous Hooters restaurant chain is in serious financial trouble after 41 years.
Los Angeles Times
Independent EspañolHooters, the U.S. restaurant chain known for its chicken wings and the uniform developers of its waitresses, filed an application for bankruptcy protection.
Hooters staying abreast of the competition with rebranding
Hooters is well known for their wings, cold beer, endless TVs, and for their waitresses. Those orange shorty shorts and plunging white tees have put the pop in pop culture since they opened in 1983. The demographic has always been men, which worked until it didn’t, as the company is now facing bankruptcy, but they’re not totally deflated.
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