💨 Abstract

The company Hooters closed dozens of restaurants a few months after filing for bankruptcy. Declaring some locations run badly, the chain intended to focus on franchising. They will sell 100 of their restaurants to two franchise groups. These changes occur amid broader economic struggles, including inflation and declines in consumer confidence. Hooters previously closed locations in 2024 and follows other chains like Bahama Breeze and TGI Fridays in reducing their footprint.

Courtesy: WTOP Staff