1srelluc
Diamond Member
MSN
www.msn.com
Hooters — famous for dressing its waitress in tight-fitting T-shirts to sling wings and beer — could be going belly-up.
The casual dining chain is preparing for a potential bankruptcy filing as it works with creditors on a plan to restructure its operations, according to Bloomberg News.
The has engaged the law firm Ropes & Gray to assist with the process, individuals familiar with the discussions told the outlet.
While no final decision for seeking Chapter 11 protection has been made, a filing could take place within the next two months, the sources said.
Yeah, no surprise that they are going tits-up.

They've been terrible for at least 15 years, maybe 20.
Cool concept early on, but deflated quickly.