Restaurant chain recordsdata for chapter

Hooters of America has filed for chapter in Texas, because it tries to take care of its money owed by promoting all of its company-owned eating places to a gaggle backed by its founders.

The agency at the moment immediately owns and operates 151 eating places, with one other 154 operated by franchisees, primarily within the US.

The corporate mentioned its eating places, which serve traditional American bar meals, will keep open in the course of the course of and function “in a business-as-usual method”.

Like many different informal eating chains, Hooters has struggled lately because it faces rising prices and wages, in addition to clients spending much less.

“Our famend Hooters eating places are right here to remain,” Sal Melilli, chief govt of Hooters of America, mentioned in a press release.

“At this time’s announcement marks an necessary milestone in our efforts to strengthen Hooters’ monetary basis.”

The agency mentioned it plans to promote all of its corporate-owned eating places to a gaggle of two present Hooters franchisees, who function 14 of Hooters’ hottest shops, across the Tampa, Florida, and Chicago, Illinois, areas.

The group consists of a number of the chain’s founders, who’ve promised to take the agency “again to its roots” and make it extra family-friendly.

Hooters didn’t reveal the worth of the deliberate deal, which nonetheless must be accredited by a US chapter decide.

It mentioned the rescue plan is anticipated to be accomplished inside the subsequent 4 months.

Hooters was based in 1983 and is thought for its serving employees, who’re primarily younger ladies – referred to as “Hooters Women” – in addition to its hen wings.

The shape-fitting outfits worn by its ready employees have turn out to be central to the chain’s public picture.