Hooters

Hooters, the restaurant chain known for its iconic orange uniforms and all-female wait staff, has filed for bankruptcy, the company announced Monday. Despite the filing, the decades-old brand assured that it is not disappearing and plans to emerge stronger. In a move aimed at stabilizing its finances, Hooters intends to sell its 100 company-owned locations…

Hooters has announced the closure of several “underperforming” restaurants across the United States, attributing the decision to challenging economic conditions, including rising food and labour costs. “Like many restaurants facing current market pressures, Hooters has made the tough decision to close a select number of underperforming stores,” a spokesperson told CNN. While the company did…