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
- Alders Call for Hearing on Delays in Critical Public Safety Technology Procurement
- La Rabida Children’s Advocacy Center Celebrates 40 Years of Healing and Hope for more than 10,000 Local Children Impacted by Abuse and Trauma
- Comedian And Actor Lil Rel Howery Leads Storytime At Nia Family Center
- The Support Group Hosts Lunch With A Leader
- Legislation Aims To Provide Equitable Funding To Public Universities
Latest Podcast
Things That You Should Know That Your Agent Knows...
