Hooters preparing to file bankruptcy after shuttering dozens of locations: report

Category: Business

Hooters of America is reportedly preparing for bankruptcy restructuring due to approximately $300 million in debts, having already closed around 40 underperforming locations. The company is working with the Ropes & Gray law firm and may file for bankruptcy in the coming months. Despite the challenges, Hooters continues to operate around 300 restaurants globally and aims to expand its brand.

Keywords: Hooters, bankruptcy, restaurant closures

Source: The Independent

Update At: 2/22/2025

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