Hooters sold to Chanticleer Holdings

Hooters sold to Chanticleer Holdings

Deal includes franchisor and Hooters’ largest franchisee

Hooters of America Inc., the franchisor and operator of the Hooters casual-dining chain, completed its sale to an investor group led by Chanticleer Holdings Inc., the company said Monday.

The deal also included the purchase of Texas Wings Inc., the largest franchisee of Hooters restaurants, operating 41 locations. Together with Hooters of America’s 120 restaurants, the merged entity will operate 161 locations in 16 states. The entire Hooters system includes about 452 resta

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