Hooters deposits bankruptcy, but its restaurants will remain open

Hooters, the restaurant chain known for its chicken wings, its entirely female service staff in the revealing outfits and its slogan – “deliciously sticky, but unrefined” – has filed for a tribunal in Texas, the company announced on Monday.

Under the bankruptcy agreement, a group which includes the founders of the company-which independently run approximately a third of the franchised locations in the United States-will buy restaurants belonging to the company in the United States from the capital company owner of the chain.

The complicated bankruptcy deposit is a way to keep many restaurants open.

“Our renowned Hooters restaurants are there to stay,” said the company in its ad. During the bankruptcy procedure, Hooters restaurants will continue to operate – as the company said on a site explaining the transaction: “It’s always time at Hooters.”

Hooters, proud of its Buffalo chicken wings but famous for the top ups and hot orange hot pants worn by its waitresses, has more than 400 locations in 42 states and 29 countries. Some of these restaurants, including international locations, are managed in franchises and will not be affected by the bankruptcy process, the company said.

Once the process is finished, all the chain’s locations will be deductible.

The reports that Hooters planned to file a swirling bank in for weeks and appeared for the first time in Bloomberg News. Last summer, Hooters closed dozens of restaurants.

This week, Neil Kiefer, managing director of an independent company who heads a group of original Hooters restaurants, told Bloomberg that he planned what he called “rehioterization” or a brand change, which would include the end of the “bikini nights” of the chain.