Description
Hooters of America, the iconic wing restaurant chain known for its scantily-clad all-female waitstaff, has filed for Chapter 11 bankruptcy protection as part of a plan to sell its company-owned locations to a group of franchisees.
The buyer group consists of two existing franchisees, including Hooters Inc., the original founders, who collectively operate over 30% of U.S. franchised Hooters locations. Hooters was purchased in 2019 by private equity firms Nord Bay Capital and TriArtisan Capital Advisors.
MORE: https://www.khou.com/article/news/nation-world/hooters-bankruptcy/507-3244840d-07cb-4eee-a351-829dbd3f1189