“Bankruptcy Hooters threatens after closure of forty sports bars and fewer and fewer customers”

In the meantime, the chain has already closed 44 branches in fourteen states. Hooters, founded in Florida in 1983, still had a reasonably profitable operation until the Coronapandemie, but since then the problems have been exacerbated.

Competition in the sector is also increasing, with players such as Twin Peaks – a restaurant chain started in 2005 with scantily -clad servants – who conquer market share. Hooters has previously announced a reorganization and tried to attract $ 300 million in investments four years ago.

The situation is worrying in the wider restaurant sector; Various chains, such as Red Lobster and TGI Fridays, recently requested a deferment of payment. Denny’s, another fast food chain, announced that at least seventy locations should be closed this year, while 88 branches were closed last year.

Restaurant prices in the US increased by 44% between 2015 and March 2024, says data company Black Box Intelligence, while the prices of regular groceries rose by 26 percent in the same period.

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