Hooters Files for Chapter 11 Bankruptcy in Texas | Eater Dallas

"Positioned as a competitor in the same 'breastaurant' segment, the Dallas-based chain reported a strong 2024 and is planning significant expansion, signing franchise agreements to open 24 restaurants in markets including Charleston, the Philadelphia suburbs, and North and South Dakota, with ten of those slated to open in 2025. The company completed an IPO in January 2025; two top leaders, including CEO Joe Hummel, are set to depart in April, with chief financial officer Ken Kuick named interim CEO. Management projects the chain will exceed $1 billion in sales over the next five years." - Courtney E. Smith