Just Sayin'... Wrote:
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> All Hooters locations in Puget Sound have closed
> or changed to other restaurant types.

https://www.hooters.com/location-list/index.php/USA



ATLANTA--(BUSINESS WIRE)--Hooters of America, LLC and certain of its affiliates (collectively “Hooters” or the “Company”), the original wing joint and a globally recognized iconic brand, today announced that it has entered into a Restructuring Support Agreement (the “RSA”) with near unanimous support from its key stakeholders to effectuate a sale transaction that will facilitate the continued operation of the business under new ownership. Specifically, the Company has reached an agreement in principle with a highly experienced group of current franchisees (the “Buyer Group”) to acquire and operate certain Company-owned Hooters locations. The Buyer Group is comprised of two existing Hooters franchisees (including Hooters Inc., the original Hooters founders), who collectively currently own and operate over 30% of the domestic franchised Hooters locations, including 14 of the 30 highest volume restaurants.

In conjunction with the proposed sale of the Company-owned locations, and with the widespread support of key stakeholders in its capital structure (who will exchange certain of their debt for equity in the Company), the Company filed voluntary petitions for chapter 11 cases in the United States Bankruptcy Court for the Northern District of Texas (the “Court”). The Company expects to move through this process swiftly, with the goal of emerging from chapter 11 in approximately 90-120 days.