Financing
Hooters is reportedly preparing a bankruptcy filing
The casual-dining chain has hired a law firm to prepare a filing, Bloomberg reported. The chain has been struggling for years.
Workforce
Outback Steakhouse parent Bloomin' Brands lays off 100 employees
About 17% of Bloomin's headquarters staff were affected. The company cited industry headwinds and a need to realign after refranchising its operations in Brazil.