Summary
The original founders of the Hooters restaurant chain have regained full ownership of the brand. They plan to focus on updating menus and remodeling restaurants to attract more customers. This change follows the financial struggles of the previous ownership, which filed for bankruptcy earlier this year.
Key Facts
- The founders of Hooters have taken back ownership of the brand.
- Hooters plans to update its menu with fresher ingredients and renovate restaurants.
- The signature uniforms, known for their distinctive orange and white colors, will return.
- Hooters of America previously filed for bankruptcy with $376 million in debt.
- The chain has closed over 40 restaurants in recent years but plans to revive the brand by focusing on its core values.
- The new ownership includes Hoot Owl Restaurants LLC, a major franchisee.
- Hooters now owns about 130 out of 200 U.S. locations.
