Hooters Restaurants Files for Bankruptcy

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Hooters — the restaurant chain first known for its orange-clad, all-female wait staff and then its chicken wings — filed for bankruptcy, the company announced Monday. But the decades-old brand said it isn’t going anywhere. In the bankruptcy process, the company plans to sell all of its 100 company-owned restaurants to two franchisee groups that operate Hooters locations in the Tampa, Florida, and Chicago areas. The combined group collectively operates a third of the US franchised-owned locations, according to the press release.[1]

The company said it plans to exit Chapter 11 bankruptcy in “approximately 90-120 days.” “Today’s announcement marks an important milestone in our efforts to reinforce Hooters’ financial foundation and continue delivering the guest-obsessed hospitality experience and delicious food our customers and communities have come to expect,” said Sal Melilli, chief executive officer of Hooters of America in the release. Hooters filed for Chapter 11 bankruptcy protection in Texas court, a common route for struggling companies hoping to solve their financial problems through reorganization.[2] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

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References:

1. "Hooters files for bankruptcy", edition.cnn.com., Ramishah Maruf, 31 Maret 2025, Diakses pada tanggal 3 April 2025, Link: https://edition.cnn.com/2025/03/31/business/hooters-restaurant-bankruptcy/index.html

2. Ibid.