Hooters Bankruptcy Plan Would Return Brand to Former Parent

Hooters of America and some of its creditors are considering a potential bankruptcy plan that would see control of the brand returned to former executives and the one-time parent of the chain, according to people with knowledge of the matter.

Hooters of America’s largest franchisee, an entity tied to the original Hooters business, would team up with creditors to control the company, said the people, who asked not to be identified because the discussions are private.