Hooters, a chicken wing chain of 300 location and who is famous for putting female employees in revealing uniforms, filed for bankruptcy in 2025.
Hooters and similar restaurants are getting hit by three factors concurrently. The higher prices on food supplies equate to higher meal costs. Consequently, more expensive dishes means fewer consumers are dining out. The third factor many don’t consider are rising rents on many restaurant locations, which also add to pricing pressures. It’s the perfect storm of negative news to make some restaurant chains consider filing for bankruptcy and using the financial opportunity to restructure into a leaner and more cost-effective company
