Hooters of America, LLC, the parent company of the Hooters restaurant chain, has filed for Chapter 11 bankruptcy protection. The company, recognized for its casual atmosphere, chicken wings, and iconic 'Hooters Girls,' stated that the filing is a strategic move to restructure its debt and strengthen its financial position.
Despite the bankruptcy filing, Hooters emphasizes that its restaurants will remain open and continue to operate as usual. The company intends to use the bankruptcy process to negotiate better terms with creditors and streamline its operations. Hooters plans to emerge from bankruptcy with a more sustainable financial structure, allowing it to invest in future growth and innovation.
'We are committed to our customers and employees,' a company spokesperson said in a statement. 'This restructuring will allow us to continue providing the Hooters experience for years to come.' The company expects to continue serving its signature menu items and offering its unique brand of hospitality throughout the restructuring process.
Hooters Files for Bankruptcy, Assures Customers It's Staying Open
Hooters, the restaurant chain famous for its chicken wings and distinctive waitresses, has filed for Chapter 11 bankruptcy. The company, known for its orange shorts and casual dining experience, assures customers that this move is a restructuring process and that restaurants will remain open. Hooters plans to use bankruptcy to reduce debt and improve its financial health. The company aims to emerge stronger and continue serving its loyal customers.
Source: Read the original article at CBS