Hooters

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.

Financing

This has been a bad year for legacy casual-dining chains

The Bottom Line: First Red Lobster, then TGI Fridays. Now Hooters. Some legacy full-service brands are having a tough time in the post-pandemic world.

Hooters and Black Angus Steakhouse are struggling to pay their debt and are exploring alternatives, according to Debtwire.

The sports bar chain abruptly shut its doors in parts of Texas, Florida, Kentucky and Virginia. A local media outlet put the total number of closures at 40.

Retail Watch: The casual-dining chain is bringing its frozen appetizers and snacks to supermarkets, joining the ranks of restaurants taking the retail plunge.

The watchdog agency says White "Hooters Girls" were hired before Black waitresses when a unit restaffed as the COVID crisis eased.

The chain is offering new operators 40 weeks of free royalties as it celebrates its 40th birthday.

Skala has been the company's de facto marketing chief for the past two years and has made a mark with celebrity partnerships.

Marketing Bites: A standard partnership deal plus a name-image-likeness sponsorship with the college-aged Daly are on tap for the sports bar chain. Plus, more marketing news of the week.

The sports bar chain is hoping its game-day bonafides will make it a destination for bettors as the activity becomes more widely legal.

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