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Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it
Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it
This New Year’s Eve marked a remarkable recovery for the restaurant industry, with occupancy rates 15-30% higher than last year, defying concerns of low consumer spending amidst persistent inflation. Many dining spots reported record-breaking sales and packed houses, especially on December 31.
Zorawar Kalra, founder of Massive Restaurants Pvt., mentioned that several of their chains achieved "all-time high" sales. Rajit Shetty from the Ramee Group of Hotels also note
This New Year’s Eve marked a remarkable recovery for the restaurant industry, with occupancy rates 15-30% higher than last year, defying concerns of low consumer spending amidst persistent inflation. Many dining spots reported record-breaking sales and packed houses, especially on December 31.
Zorawar Kalra, founder of Massive Restaurants Pvt., mentioned that several of their chains achieved "all-time high" sales. Rajit Shetty from the Ramee Group of Hotels also note
