Hooters Sells All Corporate Stores Amid Closures

Hooters has closed over 30 company-owned locations across several states after its March 2025 Chapter 11 bankruptcy filing, despite initially assuring that restaurants would remain open during restructuring. The company is selling all 151 corporate-owned restaurants to two franchise groups, including the original founders, as it transitions to a franchise-only business model. Many closures were implemented without prior employee notification or comprehensive public disclosure, affecting sites in the Sun Belt, Central Florida, Texas, and more. Hooters cited mounting debt, declining sales, inflation, and changing consumer behaviors as key factors in its decision. The company has pledged support for affected employees and joins a list of national restaurant chains facing similar financial pressures. Hooters will continue to operate, with all locations ultimately under franchise ownership.