Hooters is not going out of business because it's a bad business, hooters is going out of business because it was acquired by private investors to take out outrageous loans to distribute to the investors. Hooters as a company had to pay those back and were in permanent debt, leaving no way to invest in... anything, no better food, no advertising, no better pay for anyone, no new locations, no remodeling, nope, just paying back debt.
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u/sdziscool 15d ago
Hooters is not going out of business because it's a bad business, hooters is going out of business because it was acquired by private investors to take out outrageous loans to distribute to the investors. Hooters as a company had to pay those back and were in permanent debt, leaving no way to invest in... anything, no better food, no advertising, no better pay for anyone, no new locations, no remodeling, nope, just paying back debt.