this post was submitted on 27 Feb 2025
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[–] gnutrino 17 points 4 days ago* (last edited 4 days ago)

https://www.independent.co.uk/news/world/americas/hooters-bankruptcy-filing-closed-stores-b2702879.html

Hooters was obtained by a private equity firm in 2019. The $300 million it owes are unpaid bonds

Looks like another victim of private equity asset stripping to me.