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Hooters Files for Chapter 11 Bankruptcy

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Hooters added that it will remain open to serve customers, and restaurants will "continue to operate in a business-as-usual manner during its Chapter 11 cases."
From Fox Business
Hooters of America LLC filed for bankruptcy and plans to sell all company-owned locations to a franchise group.
From Celtics Wire

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Business Wire2d
Hooters of America Takes Strategic Action to Continue its Iconic Legacy Under Pure Franchise Business Model
ATLANTA--(BUSINESS WIRE)--Hooters of America, LLC and certain of its affiliates (collectively “Hooters” or the “Company”), the original wing joint and a globally recognized iconic brand ...
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