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Hooters Files for Chapter 11 Bankruptcy

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The Courier Journal |
Hooters will sell all of its company-owned restaurants to a franchise group backed by some of the company’s original founders, the company announced Monday.
Celtics Wire |
Hooters of America LLC filed for bankruptcy and plans to sell all company-owned locations to a franchise group.

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Hooters files for bankruptcy: Will it close restaurants?
Hooters, the sports bar and grill known more for its female waitstaff dressed in skimpy orange shorts than its signature chicken wings, has filed for bankruptcy. The chain filed for Chapter 11 in the U.S. Bankruptcy Court in Dallas, reports The Wall Street Journal.
Hooters files for bankruptcy, pivots to more family-friendly model
Hooters announced on March 31 that it has filed for Chapter 11 bankruptcy in Texas to enable a founder-led buyout. Its restaurants will remain open.
Hooters restaurants being sold to founders. Will more restaurants close?
Hooters is selling its corporate-owned U.S. stores to a group backed by the brand's founders. What changes are planned?
National wings chain declares bankruptcy. Will Hooters close in Mississippi? What to know
Hooters, known for beer and wing deals, has declared bankruptcy, plans to sell all restaurants. Here's what we know about the plan, Mississippi locations.
"Hooters" files for bankruptcy in North Texas court
Hooters, the U.S.-based restaurant chain known for chicken wings and "Hooters Girls" skimpy wait-staff outfits, has filed for bankruptcy protection.
Hooters restaurant files for Chapter 11 bankruptcy protection, leaving only one still open in CT
Hooters, which has a restaurant in Wethersfield and about 300 locations nationwide, closed 40 restaurants last year, including one in Manchester.
Franchise Times1d
Hooters Founders Seek Revival as Debt, ‘Industry Headwinds’ Push Chain Into Bankruptcy
Hooterization” is planned for the casual sports bar chain if two franchisee groups are able to buy dozens of corporate restaurants as the company navigates Chapter 11 bankruptcy. Hooters,
Hooters Goes Bust And Files For Bankruptcy Protection
The restaurant chain known for its chicken wings and "Hooters Girls" its the latest legacy brand to face trouble with changing customer tastes, rising prices and growing competition.
Food Republic on MSN2d
Despite Bankruptcy, Hooters May Not Go Away Anytime Soon. Here's How The Chain Plans On Sticking Around
News that Hooters is in financial trouble may not be surprising, but shockingly, the company has no plans to close any locations or halt operations.
The Daily Commercial1d
Will Hooters of America bankruptcy affect new Villages location? What we know
Hooters Inc., founded by the original creators of the Hooters brand, will manage newly acquired restaurants. Does this change things in The Villages?
Business Observer1d
Hooters seeks $40M in financing as founders reach deal to take over
The parent company's bankruptcy provides an opportunity for the chain's Clearwater founders to buy locations and run franchise operations.
Hooters filed for bankruptcy, but don't count the chain out yet
Hooters has filed for bankruptcy, but the chain isn't going away. Hooters of America CEO Sal Melilli explains what's next for the company in the video above.  To watch more expert insights and analysis on the latest market action,
Once-iconic, controversial chain to remain open despite bankruptcy
Eater Dallas is now reporting how this bankruptcy doesn’t exactly spell the end for the Atlanta- based chain: The founder of Hooters — HMC Hospitality Group — partnered up with a private equity firm to buy back most of its restaurants.
Atlanta-based Hooters files for bankruptcy, says it’s not going anywhere
ATLANTA — Atlanta-based Hooters has filed for Chapter 11 bankruptcy. But the bar restaurant chain known for its female wait staff in orange shorts says it isn’t planning to go anywhere.
Revitalizing Hooters: A Return to Family-Friendly Roots
By fostering a family-friendly environment, the founders aim to shift public perception. Kiefer emphasizes that the brand must offer good food, stellar service, and regular reinvestments to thrive amidst stiff competition from other dining establishments.
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