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Hooters looking at the possible bankruptcy submission

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Bankruptcy supply potentially can be on the menu for Hooters of America soon.

The company views the possible submission to bankruptcy as a means of restructuring the restaurant network and solving its debt, Bloomberg reported on FridayReferring to unnamed sources.

Ropes and gray It was reported to be on board to prepare for this potential step, and, according to the results, they could submit court documents on behalf of Hooters in the next two months to start restructuring when the restaurant network decide to take this step.

Hooters logo

Nashville – December 31: Hooters Restaurant December 31, 2015 in Nashville, Tennessee. (Photo by Raymond Boyd/Gethy Images) (Raymond Boyd / Getty Images / Getty Images)

Consideration of the company on bankruptcy comes when it struggles with debt, problems with liquidity and smaller people who are included in its restaurants, Bloomberg reports.

Hooters shutters dozens of restaurants “insufficient”, optimistic for the future: reports

There are more than 410 Hooters on the website of the restaurant network.

Hooters would point out the last struggle of the restaurants Enter the bankruptcy If this eventually decided to take this course. However, nothing was finalized in Bloomberg.

Fox Business turned to Hooters for comments.

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Messages about Hooters considering possible bankruptcy caused a reaction to social media Reports the Digital Fox News Digital. For example, Booker wrote: “Plz don’t go @hooters”.

The company belonged to Nord Bay Capital and TRIARTISAN CAPITAL Advisors for almost six years. They bought it through a deal with Hig Capital, Chanticleer Holdings and others that have retained the stake on the network after the transaction, the press release said.

Sign up Hooters

Hooters Restaurant sees in Chantili, Virginia, January 2, 2015 (Paul J. Richards/AFP via Getty Images) (Paul J. Richards / AFP via Getty Images / Getty Images)

A few years ago, Hooters conducted a $ 300 million asset asset, Bloomberg reports.

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A Network of restaurants Businesses from the 80s. Its founders have created their first place in the Clim, Florida.

Gil Digiannantonio, Lynn Stewart, Ken Wimmer, Billy Ranieri, Dennis Johnson and Ed Droste were among the six founders, Tampa Bay Times reports.

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2025-02-24 20:08:00

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