Chain Restaurant Woes
If it seems like chain restaurants are dropping like flies, it’s because they are. Just last week, Bar Louie filed for bankruptcy and started closing locations. Last year, half a dozen big chains went bust, as well.
Now, we’ve got another chain to add to the pile: Hooters. The controversial sports bar chain known for wings (among other things) just filed for bankruptcy protection, though this one may not have a sad ending. Here’s what we know.