Hooters has officially filed for Chapter 11 bankruptcy protection in North Texas due to rising debts and financial troubles. The company aims to continue operating while resolving its issues and has plans for original founders to buy and operate more locations. Hooters, known for its distinctive branding and controversial hiring practices, has faced issues with sponsorships and legal challenges in recent years. The restaurant chain reassures its customers of its commitment to strengthen operations, originally founded in Clearwater, Florida in 1983.
Hooters has filed for Chapter 11 bankruptcy protection in North Texas while planning to resolve its financial troubles and continue operations without major interruptions.
The company aims to strengthen its business model in response to mounting debts and challenges, intending to maintain its presence in the restaurant industry.
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