With new Hooters restaurants opening domestically and internationally, new Hooters frozen products launching at grocery stores, and the Hooters footprint expanding into new markets with both company and franchise locations, this brand of 41 years remains highly resilient and relevant.
Earlier this week, Hooters shut down one of its four "Hoots Wings by Hooters" family-friendly restaurants in Chicago.
Hooters closed approximately 40 locations last year and owes $300 million in asset backed bonds.
“Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores.
If Hooters’ potential restructuring is anything like Red Lobster’s — which filed for bankruptcy last year — the company may come out stronger on the other side.