(qlmbusinessnews.com . Thurs 3rd Mar, 2025) London, UK —
Bankruptcy Alert: Hooters to Sell All Corporate-Owned Restaurants Amid Debt Crisis
Hooters of America, the iconic casual dining chain known for its “Hooters Girls” and famous chicken wings, has filed for bankruptcy protection in Texas. The company, which directly operates 151 restaurants and has another 154 run by franchisees mainly in the US, is attempting to restructure its debts by selling all of its corporate-owned outlets to a group of franchisees backed by some of its founders.
According to a statement by chief executive Sal Melilli, the restaurants will continue to operate in a “business-as-usual” manner throughout the process. Melilli emphasised that despite the financial difficulties, Hooters remains committed to its brand identity. The deal, which has yet to be approved by a US bankruptcy judge, is expected to be finalised within the next four months.
Founded in 1983, Hooters has long been synonymous with its distinctive image and American bar food. However, like many casual dining chains, it has struggled with rising operational costs, increasing wages, and reduced consumer spending in recent years. The proposed sale to the franchisee group, which includes some of the company’s original founders, is part of a broader effort to take the brand “back to its roots” and even reposition it as more family-friendly.
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