Hooters prepares to file for bankruptcy amid declining foot traffic: report

Category: Business

Hooters is preparing for a potential bankruptcy filing as it works with creditors to restructure its operations amid declining traffic and financial strain. The company has engaged legal and financial advisors to assist in the process, with a filing possibly occurring within two months. Hooters has faced challenges similar to other casual dining brands, leading to closures of underperforming locations while planning for future expansion.

Keywords: Hooters, bankruptcy, restaurant industry

Source: New York Post

Update At: 2/22/2025

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