💨 Abstract

Hooters, known for its distinctive waitress uniforms, is preparing to file for bankruptcy to restructure its business in the next two months, according to sources. The casual dining chain has struggled with a decline in customers and closed locations, and sold $300 million in bonds in 2021. Despite its international popularity, Hooters is grappling with debt issues and has been working with attorneys and a boutique firm for solutions.

Courtesy: metro.co.uk

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