AN UNLIKELY buyer has just approached Hooters with a cash bid to save the beloved chain from a bankruptcy filing.
An all-American icon has come to the rescue out of nowhere, and may have just saved the country’s most infamous dining brand.
GettyLast month, the chain signed a deal with PR firm The Buyer Group to run a select number of Hooters locations from now on[/caption] GettyAn all-American icon has come to the rescue out of nowhere, and may have just saved the country’s most infamous dining brand[/caption] GettyHulk Hogan’s Real American Beer is set to offer an all-cash bid for the Hooters IP[/caption]The US Sun recently reported on the first steps Hooters has taken to save itself from its bankruptcy filing.
Last month, the chain signed a deal with The Buyer Group to run a select number of Hooters locations from now on.
The Buyer Group is a PR firm and stands to help Hooters improve their public image.
Hooters has found itself becoming more and more outdated as a concept, and chiefs hope this public image boost will help.
Sal Melilli, Chief Executive Officer of Hooters of America, said: “Our renowned Hooters restaurants are here to stay.
“Today’s announcement marks an important milestone in our efforts to reinforce Hooters’ financial foundation and continue delivering the guest-obsessed hospitality experience and delicious food our customers and communities have come to expect.
“I’ve seen firsthand the incredible value and opportunities our brand brings to life, and I look forward to continuing that momentum well into the future.
“I’m incredibly grateful to our valued customers, partners, and employees for their continued support.”
Neil Kiefer, CEO of Hooters Inc., on behalf of the Buyer Group, added: “With over 30 years of hands-on experience across the Hooters ecosystem, we have a profound understanding of our customers and what it takes to not only meet, but consistently exceed their expectations.
“As we look toward the future, we are committed to restoring the Hooters brand back to its roots and simplifying HOA’s operations by adopting a pure franchise model that will maximize the potential for sustainable, long-term growth.
“The foundation we’ve laid ensures the continued success of our brand – one that is driven by a relentless focus on delivering an exceptional experience each and every visit for our customers.”
AN ALL-AMERICAN HELPING HAND
A new step has been taken to secure Hooters‘ future, and it comes form an unlikely ally.
Fox Business reports that Hulk Hogan‘s Real American Beer is set to offer an all-cash bid for the Hooters IP.
Real American Beer is taking big steps to acquire legacy properties that align with its growing portfolio.
And Hogan wants his platform to be entertaining and patriotic.
Pending acquisition, the brand plans to relaunch Hooters across consumer products, digital content, gaming, and experiential formats.
Full list of Hooters store closures
The following Hooters locations have already closed:
Alabama
Hooters, Huntsville, 4729 NW University Hooters, Birmingham, 1278 Oak Grove RdFlorida
Hooters, Gainesville, 3105 SW 34th St Hooters, Lakeland, 3437 South Florida Ave Hooters, Orange Park, 1740 Wells Road Hooters, West Palm Beach, 2020 Palm Beach Lakes BlvdKentucky
Hooters, Louisville, 4948 Dixie Highway Hooters, Richmond, 241 Eastern BypassGeorgia
Hooters, Brunswick, 10355 Canal Crossing Hooters, Hiram, 5464 Wendy Bagwell Pkwy Hooters, Macon, 112 Riverside Parkway Hoots Wings by Hooters, Atlanta, 935 Memorial Drive NE, Suite 310 Hooters, McDonough, 1858 Jonesboro RoadIllinois
Hooters, Springfield, 3241 Horizon DriveIndiana
Hooters, Castleton, 6426 E. 82nd St Hooters, Clarksville, 941 Lewis & Clark PkwyMaryland
Hooters, Baltimore, 301 Light St 1445Missouri
Hooters, Florissant, 2765 N. Highway 67 Hooters, Independence, 19850 E. Valley View Pkwy Hooters, North Kansas City, 6411 Barry RdNorth Carolina
Hooters, Greenville, 316 S.W. Greenville Blvd Hooters, Jacksonville, 463 Western Blvd Hooters, Charlotte, 123 W. Trade StreetOklahoma
Hooters, Oklahoma City, 13320 N Pennsylvania AveSouth Carolina
Hooters, Columbia, 7711 Two Notch RoadTennessee
Hooters, Memphis, 7535 Winchester RoadTexas
Hooters, Beaumont, 850 Interstate 10 Hooters, Laredo, 5706 San Bernardo Avenue Hooters, Houston, 2519 Southwest Parkway Hooters, Baytown, 4710 I-10 East Hooters, Arlington, 5821 West I-20 Hooters, Wichita Falls, 3701 Call Field Road Hooters, Lewisville, 1960 S. Stemmons Hooters, San Antonio, 849 E. Commerce St., Ste. 105 Hooters, Bryan, 960 N. Earl Rudder Fwy Hooters, Lubbock, 4950 S. Loop 289 Hooters, Galveston, 6028 Heards Lane Hooters, Waco, 3921 S. Jack Kultgen Freeway Hooters, Fort Worth Downtown, 150 Throckmorton, Suite 132 Hooters, McAllen, 410 E. Expressway 83 Hooters, San Angelo, 4384 Sherwood Way Hooters, Seabrook, 1818 NASA Road 1 Hooters, Wichita Falls, 3701 Call Field RdVirginia
Hooters, Manassas, 8503 Rixlew DriveIt will all be geared towards launching the brand for today’s generation.
It is not clear if and when this deal would go through, but if it did, it could hep Hooters in a big way.
The iconic former WWE wrestler has had his products hit store shelves in major ways recently, too.
His beer recently popped up in Walmart in eight states, less than one year after its founding.
It has become the official beer of the WWE, and is the second most popular light beer after Samuel Adams.
Its name is an ode to Hogan’s entrance music, titled “Real American.”
APThe iconic former WWE wrestler has had his products hit store shelves in major ways recently, too[/caption] GettyIt is not clear if and when this deal would go through, but if it did, it could hep Hooters in a big way[/caption] Read More Details
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