Changes are likely coming to a Hooters restaurant near you as the chain puts bankruptcy behind it.
Hooters Inc. said Monday that it had finalized its acquisition of Hooters of America. The transaction closed on Friday, the companies said — roughly seven months after Hooters of America filed for bankruptcy.
Hooters Inc., which also calls itself "Original Hooters," now owns about 140 Hooters locations around the US. With another 60 international locations, the new network will have about $700 million in systemwide sales, according to the company.
"We're not just acquiring restaurants — we're taking back the Hooters name to show the world who we really are," Hooters Inc. CEO Neil Kiefer said in a statement.
Read more about Hooters' "re-Hooterization" with its original founders in charge at the link in our bio.
Story by Alex Bitter
(Credit: Getty Images)
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