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
- Glodean Champion Launches "The Process to LOVE™"
- Sundial Media & Technology Group and Creator Currency Networks Launch CreateHer Network to Address $31.8 Trillion Women Creator Economy Gap
- Illinois Peace Project Debuts the 2025 'Peace Portraits’ Honorees
- DCASE Brings Two Major Exhibitions to the City of Chicago This Summer: Fabiola Jean-Louis’ Waters of the Abyss and Blondell Cummings: Dance as Moving Pictures
- American Cancer Society VOICES of Black Women Ambassador Dr. Erica Austin Convenes local Black Women to promote Women’s Health
Latest Podcast
STARR Community Services International, Inc.
