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Going Bust: Hooters To Re-Jiggle After Filing Chapter 11 Bankruptcy In Founder-Led Buyout
Going Bust: Hooters To Re-Jiggle After Filing Chapter 11 Bankruptcy In Founder-Led Buyout Update (1925ET): Well that didn't take long... After months of speculation, Hooters has finally filed for chapter 11 bankruptcy - with a plan to bounce back that includes selling all of its company-owned restaurants to a franchise group backed by its original founders, while lenders will provide additional funds throughout the reorganization proceedings as it seeks to address its $376 million
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