Paige Spiranac was like millions of other people who couldn’t believe the news regarding Hooters.
The company closed approximately 40 locations last year and owes $300 million in asset-backed bonds. Now, the once-popular chain might be headed for bankruptcy.
Bloomberg reported that the casual dining chain hired a law firm to prepare a filing.
Hooters is not alone in these troubling times. Last year, more than 30 restaurant chains and large franchisees like Red Lobster and TGI Fridays sought debt protection.
As we all know, the chain became famous for putting female employees, who are known as “Hooters Girls,” in revealing uniforms that would showcase their boobs and shorts small enough to show off the butt.
It looks like one person might be able to save it, and the company should look no further than Paige Spiranac.
The social media star and Sports Illustrated model, who is known for showing off her bust size in various outfits, reacted to the news on Friday.
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Spiranac hopped on social media to share her initial reaction, “Not on my watch,” Spiranac wrote on X.
Not on my watch https://t.co/W9jGEigPV3
— Paige Spiranac (@PaigeSpiranac) February 21, 2025
Her tweet has garnered more than 1.9 million views and 13,000 likes.
When Can Patrons Expect Hooters To File Bankruptcy
It seems that another major chain might be ready to end, as Bloomberg reported Friday that Hooters is in talks with law firm Ropes & Gray to prepare a bankruptcy filing.
In recent years, Hooters saw customer foot traffic decline and had to close many locations across the country.
While no final decision has been made on Hooters’ potential bankruptcy, the chain could face more closures across the country in the coming months.
As for bankruptcy, it can occur at any time within the next two months.
