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No, there is no need to rush out and create a #SaveHooters grassroots campaign, yet, but Hooters of America is reportedly in the process of preparing a bankruptcy filing. However, it probably wouldn’t hurt to have a meal or two at one of their restaurants soon to help stave off any possible closures in your area.
According to Bloomberg, some anonymous sources with knowledge of the situation say Hooters is working with creditors on a plan to restructure the company.
“The casual dining chain is working with law firm Ropes & Gray to ready a filing, said the people, who added the plans are not final and asked not to be identified discussing private preparations,” Bloomberg reports. “The court process would likely begin within the next two months, the people said.
“The company, known for its skimpy server uniforms and double-entendre owl mascot, was working to address its debt load with its lawyers as well as turnaround advisers from boutique firm Accordion Partners, Bloomberg previously reported. Some of Hooters’ debtholders have tapped Houlihan Lokey Inc. for advice.”
Hooters has apparently seen its foot traffic decline recently, forcing the company to close several locations. However, according to The Express Tribune, the company remains “highly resilient and relevant” and reassured everyone that they are still opening new restaurants, both in America as well as abroad.
Where is Sydney Sweeney when you need her?
Reactions to this news about Hooters’ financial struggles were pretty much what one would expect.
“Hooters is going t— up,” one person joked on X (Twitter).
“This country is falling apart,” another Hooters fan commented.
“We must save Hooters. It is an American institution on par with the Washington Monument and Mount Rushmore,” read another comment.
“Something tells me Hooters is about to have their most profitable weekend of the year,” another person guessed.
Not on my watch https://t.co/W9jGEigPV3
— Paige Spiranac (@PaigeSpiranac) February 21, 2025