Hooters — known for its scantily-clad waitresses — filed for bankruptcy on Monday night.
It is the latest American restaurant chain facing financial problems. But despite the filing, and $376 million of debt, the 42-year-old brand insists it's not going anywhere.
The US arm of the chain is restructuring through Chapter 11. As part of the restructuring, Hooters plans to sell more than 100 company-owned restaurants to two franchise groups that currently operate locations in Tampa, Florida, and Chicago.
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