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Hooters Files for Bankruptcy with Plan to Bring Back Original Founders
Hooters of America has filed for Chapter 11 bankruptcy and entered into a Restructuring Support Agreement to sell restaurants to a group that includes the chain’s original co-founders. The company announced on Monday that they will remain fully operational during the bankruptcy process, with the buyer group comprising two franchisees that collectively own almost one-third […]
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Forever 21 Trademark Owner Called Buying Store ‘Biggest Mistake’ Before Bankruptcy
Clothing store Forever 21 has long been synonymous with shopping malls across the United States. The fast-fashion giant, which previously filed for bankruptcy in 2019, is facing financial turmoil once again. The retailer has sought Chapter 11 protection for a second time, citing competition from fast fashion companies overseas and an inability to sustain physical […]
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