Quote:
Originally Posted by La lamy
I read online that the filing for bankruptcy of Hooters is going to lead the brand to get back to its roots of being more "family friendly". Wow. Not the brand I'd like to expose my kids to, but to each their own!
|
The bankruptcy is not affecting the owners of the new Hooters. There are two different entities owning Hooters Stores.
The original owners sold the franchise to a large equity firm. THAT is who is filing for bankruptcy.
Part of the sales agreement allowed those original owners to retain ownership of certain stores and allowed them to open more under THEIR control.