Hooters seeks $40M in financing as founders reach deal to take over

The parent company's bankruptcy provides an opportunity for the chain's Clearwater founders to buy locations and run franchise operations.

Photo by Wolterke
  • Tampa Bay-Lakeland
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The Clearwater founders of the Hooters restaurant chain and another franchisee have agreed to buy more than 100 restaurants belonging to Hooters of America — a separate business that filed for bankruptcy this week.

 

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