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Udliza bankruptcy application could be on the Hooters of America menu in the near future.
The company observes the submission of a bankruptcy request as a restructuring of restaurant chain and resolving its debt, Bloomberg reported on Fridayquoting unnamed sources.
Ropes and gray He was allegedly brought to a boat for preparations for this potential move and, according to the socket, could submit court papers on behalf of Hooters in the next two months to start restructuring if the restaurant chain decides to take that step.
Nashville – December 31: Hooters Restaurant 31. December 2015 in Nashville, Tennessee. (Raymond Boyd/Getty Images photo) (Raymond Boyd / Getty Images / Getty Images)
Consideration of the company to enter bankruptcy comes because it clashes with long, liquidity problems and fewer people who come to his restaurants, Bloomberg reported.
Hooters Trutters on Dozens of Restaurants “Weaker”, optimistic for the future: reports
There are over 410 hooters locations globally, on the restaurant chain website.
Hooters would mark the latest restaurant chain that fights Get in bankrupt If that ultimately decides to continue this procedure. However, nothing was completed, by Bloomberg.
Fox Business addressed Hooters for comment.
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Reports of hooters looking at possible bankruptcy have encouraged reactions to social media, including NBA players Devin Booker -Ai influencer Golf Paige Spiranac, Reported Fox News Digital. Booker, for example, wrote: “Plz does not go @hooters.”
For almost six years, the company belonged to Nord Bay Capital and Triartisan Capital Advisors. They bought it with an agreement with Hig Capital, Chantickleer Holdings and others, who held a stake in the chain after the transaction, according to a press release from time.
Hooters Restaurant was seen in Chantilly, Virginia on January 2, 2015 (Paul J. Richards/AFP via Getty Images) (Paul J. Richards / AFP via Getty Images / Getty Images)
A few years ago, Hooters did the sale of bonds supported by assets worth $ 300 million, Bloomberg reported.
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AND Restaurant chain It has been operating from the 80’s. His founders placed their first place in Clearwater, Florida.
Gil Digiannantonio, Lynn Stewart, Ken Wimmer, Billy Ranieri, Dennis Johnson and Ed Drost were among his six founders, according to Tampa Bay Times.
