Independent thinking for complex markets and current events
Hooters of America has filed for bankruptcy in Texas, as it tries to deal with its debts by selling all of its company-owned restaurants to a group backed by its founders. The firm currently directly owns and operates 151 restaurants, with another 154 operated by franchisees, mainly in the US. The company said its restaurants, …
The iconic restaurant chain Hooters has abruptly announced the closure of 40 locations nationwide, citing the rising cost of food and rent. The restaurant chain, known for its attractive and scantily dressed waitresses, will close stores in Florida, Kentucky, Rhode Island, Texas, and Virginia. “Like many restaurants under pressure from current market conditions, Hooters has …