Posted on 03/31/2025 9:39:39 PM PDT by BenLurkin
Made famous by its serving staff’s uniforms – low-cut tank tops and orange shorts – and, later, its chicken wings, Hooters has filed for bankruptcy, it announced.
The restaurant chain, Reuters reported, made the filing Monday in a Texas court, with the plan being to deal with its $376 million in debt by selling all its company-owned locations to a franchise group stacked with original founders of the company and a group of current franchisees, who own and operate more than 30% of the company’s domestically owned locations, including 14 of the 30 most trafficked restaurants.
...
While Hooters said in a statement that it expects to move through the bankruptcy process within the next 90-120 days, company officials made it clear to its fan base that the restaurant chain is going nowhere.
“Our renowned Hooters restaurants are here to stay,” Sal Melilli, Chief Executive of Hooters of America, said. “Today’s announcement marks an important milestone in our effort to reinforce Hooter’s financial foundation and continue delivering the guest-obsessed hospitality experience and delicious food our customers and communities have come to expect.”
(Excerpt) Read more at ktla.com ...
Hopefully things will perk up
Other private equity strip mining success story. The stores owned by franchisees rather that company owned are doing fine.
I’d rather go to Stuckey’s or Nickerson Farms
Or even Howard Johnson’s
That’s an uplifting message.
Get rid of the boobs & asses running the stores to protect the same working inside the stores.
.
I’ll be kept abreast of the situation.
In something of the same vein.....https://www.youtube.com/watch?v=0PxAvQrt7bQ
The market activity on the stock is mostly shorts.
Sounds like some kind of financial squeeze.
That place practically runs on tips.
Thanks, I’ll be here all week.
The food got thin and the girls got fat.
Back in the day employment test at Hooters: You’re given a 40c bra and asked: “Here, fill this out”.
Let’s hope Hooter’s doesn’t go tits up.
A brace of gunts is called a girdle.
We used to go weekly or maybe a little less about 35 years ago. They had a great grouper sandwich back then (FL chain), and the waitresses didn’t hurt any.
I still buy their calendar every year because I think a man’s garage area (where the stand up toolboxes live) should include a cheesecake calendar. Take that, feminazis!
Friends refer to the place as “The Owl Club.”
I always liked G Gordon Liddy’s. Stacked & Packed calendars. It made my work shop a little classier and listening to Liddy’s radio show killed time waiting for Rush to come on. When I worked graveyard shift I listened to Art Bell. I wish they were all still around. The guys that used to drop in to enjoy a cold one and admire the calendars have kinda thinned out too. Now Hooters is going tits up. Getting old ain’t for sissies guys.
Wife Goals.
Fair.
It beats the alternative.
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