Housers of America, the restaurant chain known for its chicken wings and a waitress of all women dressed in orange orange signatures and white caps, filed by bankruptcy Monday. The founders of the company are planning to keep their locations open and receive under a new property.
The company presented voluntary requests for Chapter 11 to the United States Failure Court for the Northern District of Texas according to a Start -up of news.
A group of buyers will assume all corporate property assets
The movement allowed Hoters to secure a restructuring agreement to sell 100 corporate locations to two Hoter franchisee groups to acquire and operate certain locations. This group, including founders, currently operates 30 high -performance restaurant locations in the United States, particularly in Chicago and Tampa, Florida.
Hoters is among several chains of popular restaurants that have fought in recent years, resorting to bankruptcy for restructuring or closing permanently. Increased inflation, higher food and labor costs, and decrease in consumer spending have contributed to this trend, CNBC reported.
Hoters delegates shares their plans for the brand
The company aims at a quick bankruptcy process and a strong comeback in 90 to 120 days, according to the statement. All Hoters’ locations will remain open and operate “as casual” during Chapter 11 Procedures. In addition, the company will address financial challenges by investing its resources in high -performance restaurant locations.
“ Our renowned Hoters restaurants are here to stay. Today’s announcement marks an important milestone in our efforts to strengthen the Hooters Financial Foundation and continue to offer the hospitality experience obsessed with the guests and delicious food that our customers and communities have waited, ” said Sal Melilli, CEO of Hoters of America, proposed the statement.
Neil Kiefer, CEO of Hoters Inc., speaking on behalf of the buyer group, echoed similar feelings and pledged to prioritize the brand and its customers.
“With more than 30 years of practical experience in the Hoters ecosystem, we have a deep understanding of our clients and what is needed not only to fulfill, but it constantly exceeds their expectations,” he said in the statement. “As we look into the future, we promise to restore the Housers brand on its roots and simplify Hoa operations by adopting a pure franchise model that will maximize the potential for sustainable growth and long term.”
Hoters has been a known brand for decades
Hoolers was founded in 1983 by six entrepreneurs in Clearwater, Florida. The idea was to have a space where they can go and be themselves, which later became an international sensation, with more than 420 locations in 29 countries, according to the Website.
There are more than 250 Hoters restaurants in the United States, for Scrap.
