Hooters files for bankruptcy

[u/JadedAsparagus9639]

https://www.cnn.com/2025/03/31/business/hooters-restaurant-bankruptcy?cid=ios_app

[u/Consistent-Law9339]

The slightly less scummy version:

1. buy a bunch of brands in the same vertical
2. consolidate operations
3. advertise a more attractive balance sheet
4. sell off the undesirable brands
5. buyer rebuilds consolidated operations
6. balance sheet flips back to negative

[u/Electronic-Gas541 → u/Consistent-Law9339]

Who’s buying the undesirable brands in step 4?

[u/Consistent-Law9339 → u/Electronic-Gas541]

Other PE groups.