> Hooters files for Chapter 11 as franchisees step in to buy locations
Hooters files for Chapter 11 as franchisees step in to buy locations
Clip ID 2409592
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
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