February 11, 2010
Is Hooters about to go tits up?
A San Francisco based investment bank has been hired to sell the company, asking price is $250 million. Hooters has been struggling in the bad economy, and has made some really bad investment decisions, perhaps most famously the failed Hooters Air, which actually used to fly out of Scranton, heh.
Their casino has also been failing miserably.
$250 million actually sounds pretty cheap...sorta like Hooters. No, actually, I think if someone went at it with the right approach and made some necessary reforms, they could probably revive the franchise. Now I'm actually kinda curious to see what happens to Hooters. Till then, they're gonna have to hope that t-shirt sales to trashy douchebags keeps them afloat.
$250 million actually sounds pretty cheap...sorta like Hooters. No, actually, I think if someone went at it with the right approach and made some necessary reforms, they could probably revive the franchise. Now I'm actually kinda curious to see what happens to Hooters. Till then, they're gonna have to hope that t-shirt sales to trashy douchebags keeps them afloat.
Posted by: doubleplusundead at
08:25 PM
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1
Free lap dance with every order of wings ... that should do it.
Seriously though, how did they think their business model (essentially a TGI Fridays with even worse food but with boobs) would transfer well to other businesses?
Posted by: Hermit Dave at February 11, 2010 08:42 PM (WhFvm)
2
They probably subscribe to that near-universal axiom: "boobs make everything better."
Posted by: ECM at February 11, 2010 09:04 PM (nYKDd)
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