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Hard times at Hooters
The restaurant chain is reportedly up for sale. Can babes and wings cut it in this economy?
Posted by Kim Peterson on Thursday, February 11, 2010 1:28 PM
The Hooters restaurant
chain is reportedly up for sale, desperate for cash as business has fizzled.
The restaurants -- known for waitresses wearing short-shorts and down-to-there tank tops -- could sell for more than $250 million, analysts tell The New York Post.
The Post reports that Hooters has hired North Point Advisors, a San Francisco investment bank
, to help with the sale. The restaurant isn't officially commenting on rumors that it has been shopping itself to private-equity firms.
What went wrong for Hooters? Well, the company doesn't make the smartest moves.
http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1623080&_blg=1,1623080
The restaurant chain is reportedly up for sale. Can babes and wings cut it in this economy?
Posted by Kim Peterson on Thursday, February 11, 2010 1:28 PM
chain is reportedly up for sale, desperate for cash as business has fizzled.The restaurants -- known for waitresses wearing short-shorts and down-to-there tank tops -- could sell for more than $250 million, analysts tell The New York Post.
The Post reports that Hooters has hired North Point Advisors, a San Francisco investment bank
, to help with the sale. The restaurant isn't officially commenting on rumors that it has been shopping itself to private-equity firms.What went wrong for Hooters? Well, the company doesn't make the smartest moves.
http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1623080&_blg=1,1623080
