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

Hooters is preparing to file for bankruptcy due to declining foot traffic and liquidity issues, according to people with knowledge of the arrangements.
Paige Spiranac has expressed her dismay over Hooters' potential bankruptcy, humorously stating, "Not on my watch" on social media.
The chain's legal proceedings could begin as early as April as it works with creditors to restructure operations and plans to file for bankruptcy court.
Casual dining chains, including Hooters, face challenges like inflation and supply chain disruptions, leading to a significant rise in restaurant prices since 2015.

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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

16 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.

17 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.

18 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…

19 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…

20 hours ago

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valuetainment.com

Abreast of the Competition: Hooters Faces Bankruptcy as Profits Sag - Valuetainment

Hooters, known for its chicken wings and well-proportioned waitresses, is preparing to file for bankruptcy after suffering reduced traffic and growing debt. The post Abreast of the Competition: Hooters Faces Bankruptcy as Profits Sag first appeared on Valuetainment.

20 hours ago

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