Hooters of America filed for bankruptcy in Texas Monday. The restaurant chain is facing debt amid financial challenges and ...

Hooters announced that it has filed for bankruptcy, but clarified in a press release that this doesn't necessarily mean it's ...

Restaurant chain Hooters of America filed for bankruptcy in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed by ...

Saddled with $376 million in debt, Atlanta-based Hooters of America LLC has filed for bankruptcy protection in Texas, but reports its restaurants will stay open. Hooters filed voluntary petitions ...

Hooters of America filed for bankruptcy at the end of March. The chain has struggled with debt and closed some restaurants last year. I went to a Hooters restaurant in Virginia to see what dining ...

Hooters, in debt more than $370 million, said inflation and resulting consumer spending shifts led to a “tight liquidity crunch” and the need to restructure. The Hooters filing comes just days after ...

And now its day may be ending. Hooters of America is about $300 million in debt, and this winter began preparing for a possible bankruptcy filing. In 2024, it closed about 40 locations in the ...

Hooters filed for Chapter 11 bankruptcy in Texas to address its debt woes. This development comes as the chain seeks to tackle $376 million in debt by selling its 151 company-owned locations to a ...

The business is trying to address its $376 million in debt by selling its company-owned restaurants to a franchise group that already operates some of its Hooters locations in Florida and Illinois.

READ ON THE FOX BUSINESS APP The news comes over a month after reports broke back in February that Hooters was considering filing for bankruptcy. Bloomberg cited debt, liquidity problems and fewer ...