💨 Abstract

Hooters, an iconic American restaurant chain, closed over 30 company-owned locations this week as part of its bankruptcy proceedings. The company plans to transition to a pure franchise model. Hooters filed for Chapter 11 protection in March and aims to sell 100 of its U.S. locations to stay afloat. The closures were described as a 'difficult decision,' and the company expressed gratitude to its customers and commitment to supporting impacted team members.

Courtesy: Jessica Kwong