Hooters of America may file for bankruptcy, per Bloomberg
/Hooters of America is reportedly working with its creditors on restructuring its business via bankruptcy, according to a news report from Bloomberg.
There are over 410 Hooters locations globally, per its website. If the beloved chain, known for its skimpy-clad servers and double-entendre owl mascot, does file for bankruptcy, Hooters would join other struggling restaurant chains to enter bankruptcy as the popularity of casual restaurants has shifted to fast casual format over the past 10 years.
Long standing casual-dining chain TGI Fridays, seafood chain Red Lobster, Italian food chain Buca di Beppo, fish taco eatery Rubio's Coastal Grill and the owner of burger and pizza chains BurgerFi and Anthony's Coal Fired Pizza are among those restaurant chains that have sought to reorganize through bankruptcy in 2024.
Read More: Hooters in Talks for Potential Bankruptcy in Coming Months