Famous restaurant chain
No more out with scarce outfits? Hooters submits bankruptcy application
It is not good for the Hooters restaurant chain, which is primarily known for its waitresses. Now Hooters wants to reorganize – and become more family -friendly.
The US restaurant chain Hooter, which also has a branch in Germany, has registered a so-called “Chapter 11” bankruptcy in the USA. However, this only affects the locations in the United States. International branches are not affected because they are managed by franchiseists.
“Chapter 11” means that despite bankruptcy, companies can work economically to reorganize themselves.
The 100 restaurants in the United States, which are still in possession of Hooters, are to be managed by two franchisees who have already operated branches of the company. . Several media such as “CNN” reported about it.
Hooters had to close some restaurants last year and at that time stated rising costs for food and staff. There are also allegations with which the company is faced with.
Hooters sells his US branches due to bankruptcy
The most stubborn denounces sexism in the company. Operations at Hooters can only be female, the clothing is scarce. It is the chain brandy, which is otherwise only known for their chicken wings.
Because only women are allowed to work as waiters at Hooters, there is again. On top of that, at a location in North Carolina, against the management team a year and a half ago.
With the sale of the branches to franchiseists, Hooters would like to have made it from the “Chapter 11” insolvency in “90 to 120 days”.
Hooters has been part of the two companies Nord Bay Capital and Triartisan Capital Advisors since 2019. The chain also sees bankruptcy as an opportunity to reposition itself. In an interview, Neil Kiefer said that his company wants to be more family -friendly in the future.
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Source: Stern
