Restaurant chain Hooters of America filed for bankruptcy in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants.I vaguely recall Stephen Colbert telling that joke, but I'm glad I saw it again to share it. Also, since I have been eating out very little since the pandemic, and when I do, it's at Hooters competitor Buffalo Wild Wings, the butt of Colbert's joke, I haven't noticed inflation much at casual restaurants. I had no idea inflation was that severe in that sector!
The bankruptcy didn't come as a complete surprise, as Inside Edition asked at the end of February Is Hooters on the Brink of Bankruptcy?
Bloomberg News reports Hooters may be on the brink of filing for bankruptcy. The restaurant chain once had 430 locations around the world. Now, 40 locations shuttered in the U.S. in the past year alone. There's another issue specific to Hooters. In the "Me Too" era, Hooters was seen as a throwback to another time when scantily clad waitresses seemed like a fun idea. Inside Edition's Alison Hall has more.The answer to the headline question turned out to be yes. On the other hand, the answer to whether the chain as a whole will close its door will probably be no. I'll get to that later. First, I'll address Hooters' reputation that might have caught up with it in Company Man's Hooters - The Controversial History.
Hooters is a national restaurant chain with a controversial history. This video talks about some of their bigger controversies over the years.Company Man Mike was right; Hooters has a controversial history! Now I'm wondering when he'll come out with "The Decline of Hooters...What Happened?"
Yahoo! Finance explains why the chain will almost certainly survive in Hooters files for bankruptcy: CEO talks about company’s future.
Hooters has filed for bankruptcy, but the chain isn't going away. Hooters of America CEO Sal Melilli explains what's next for the company in the video above.I don't know if Sal Melilli's plan will address food and labor costs, but it does deal with the chain's checkered reputation. I hope it works.
I close by calling back to The first year of Crazy Eddie's Motie News: Part 1 of several, the first time I recall mentioning Hooters on this blog.
I'll leave you with my two favorite images of signs in Troy...The second proves that I can fail the Butt-Head half of the Beavis and Butt-Head test. What makes it even worse is that is the exit sign for the Hooters in Troy. Think about it.

Unfortunately, the Troy Hooters location closed seven years ago. On the one hand, this is the last time I can tell that joke. On the other, it was time my readers and I found out.
A couple of the videos mentioned the bankruptcies of Red Lobster and TGI Fridays. Those were the subjects of two of the most read entries of last year. Expect me to cover them on Wayback Wednesday. Stay tuned.