Consortium Buys Atlanta-based Hooters Restaurants
ATLANTA - A group of private investors is buying the Atlanta-based Hooters of America Inc. and its restaurant chain.
A deal announced last Monday will give a consortium of private investors including Charlotte, N.C.-based Chanticleer Holdings Inc. ownership of nearly half of all domestic Hooters restaurants and more than one-third of those worldwide. The sales price was not disclosed.
Hooters of America has about 90 employees in its Atlanta headquarters.
The transaction ends nearly three decades of family ownership of Hooters, which started in Clearwater, Fla. The Atlanta Journal-Constitution reports the deal will combine 120 restaurants from Hooters of America and 41 from Texas Wings, creating an operating company with 161 locations in 16 states. (AP)
Latest Stories
- Reminder: Taxes are due December 15, 2025. Pay now to avoid late fees. Struggling financially? Our Payment Plan Calculator is a tool you can use
- TWO GOVERNMENTS TO FORMALIZE HISTORIC PARTNERSHIP IN ADDRESSING MENTAL HEALTH CRISIS DURING THE HOLIDAY SEASON
- Trump's Policies Negatively Target Women
- Assessor Kaegi, South and West Side Community Leaders Urge Legislature to Pass Property Tax Relief, Condemn Board of Review's Large Breaks for Downtown Commercial Properties
- State Farm and The Salvation Army Launch National Donation Drive to Support Families This Holiday Season
Latest Podcast
Stacy Davis Gates
