new York
Cnn
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HOOTERS – The restaurant chain known for the first time for its entirely feminine waiting staff dressed in Orange, then its chicken wings – has filed for bankruptcy, the company announced on Monday. But the old -fashioned brand oldly said that it was not happening anywhere.
In the bankruptcy process, the company plans to sell all of its 100 restaurants belonging to the company to two groups of franchisees that operate hooting sites in the regions of Tampa, Florida and Chicago. The combined group collectively operates a third of the locations belonging to the American property, according to the press release.
Hooters joins other restaurants in case of fasting, such as Burgerfi And Red lobsterwho has filed a record in the midst of difficult commercial conditions. The company’s workforce has also been criticized, with prosecution ranging from racial discrimination has Discrimination founded. Hoooters has closed dozens of restaurants Last year, blame increase in food and labor costs.
The company said it was planning to leave the bankruptcy of chapter 11 in “around 90 to 120 days”.
“Today’s announcement marks an important step in our efforts to strengthen the Hooters financial foundation and continue to offer the experience of hospitality obsessed with guests and delicious food that our customers and communities have become expected,” said Sal Melili, chief executive officer of Hooters of America in the press release.
Hooters has filed a request for protection against the bankruptcy of Chapter 11 in Texas Court, a common route for difficulties in difficulty hoping to solve their financial problems thanks to reorganization.
Hooters said he would continue to exploit his activities as usual, although she said that she “assesses the company’s operational imprint” for its locations belonging to the company. This means that it can eventually close certain locations during its bankruptcy process. The Northern Bay Capital North Capital and Triartisan Capital ADVISORS in 2019.
The group of buyers includes the Hooters original founders, including Neil Kiefer, CEO of Franchisee Group Hooters Inc.
“For many years, the Hooters brand has belonged to investment capital companies and other groups without history or experience with the Hooters brand,” Kiefer said in a press release on Monday. In an interview with Bloomberg News Last week, he said that the recovery plan includes the chain more suitable for families.
Kiefer said that the acquisition led by the founder will allow the brand to return to its roots “and that the restaurant has stressed that” our renowned hooters restaurants are there to stay. “”
The Jordan Valinsky of CNN contributed to the report.