Hooters Files For Chapter 11 Bankruptcy [VIDEO]

March 31, 2025 Business, News

Via press release from Hooters:

In conjunction with the proposed sale of the Company-owned locations, and with the widespread support of key stakeholders in its capital structure (who will exchange certain of their debt for equity in the Company), the Company filed voluntary petitions for chapter 11 cases in the United States Bankruptcy Court for the Northern District of Texas. The Company expects to move through this process swiftly, with the goal of emerging from chapter 11 in approximately 90-120 days.

Importantly, Hooters restaurants remain open to serve customers and will continue to operate in a business-as-usual manner during its chapter 11 cases. As part of the Company’s broader business transformation and planning, Hooters is evaluating the Company’s operational footprint as part of its financial restructuring process to position itself to invest its resources in its strongest assets moving forward.

A related story from last week:

It’s a hoot for the whole family. Hooters’ notorious “bikini nights” are set to be axed as the raunchy eatery attempts to avoid bankruptcy and be more family-friendly.  “I’m calling it re-Hooterization,” Neil Kiefer, CEO of parent company HMC Hospitality Group, told Bloomberg.

The so-called “breastaurant” is attempting to overhaul its image, too, according to Kiefer. Infamous for its scantily clad waitresses in bright orange hot pants and revealing baby tees and tank tops, the eatery is now undergoing a PG revamp.

“You go to some parts of the country and people say, ‘Oh, I could never go to Hooters, my wife would kill me,’” Kiefer said. “That’s depressing to us. We want to change that.”

PHOTO ABOVE: Hooters CEO Sal Melilli.



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