Hooters Restaurant Chain Closures

Hooters, known for its scantily-clad waitresses, is closing some underperforming locations due to rising costs of rent and food. The company remains resilient and relevant, with new products in supermarkets. The chain has around 300 global restaurants after closures.

Red Lobster Closures

Red Lobster has closed 100 locations in the US, with auctions for kitchen items and furniture. The closure comes after the company lost $11 million due to an all-you-can-eat shrimp promotion. ThaiUnion, a Thailand-based company, bought a stake in Red Lobster in 2020 but later announced its exit from the company in January 2024.