>Hooters on the block for up to $250 million

Share Button

>Hooters, the US restaurant chain famous for its buxom, scantily clad waitresses, is up for sale for as much as $250 million (£159 million), according to reports.

The company has hired North Point Advisors, a San Francisco investment bank, to advise on the possible sale and is approaching potential private equity buyers, the New York Post said.

Hooters’ chain of 450 owned and franchised “breast-aurants”, which stretches from the company’s Atlanta base to Nottinham in the UK, made more than $1 billion of sales in 2008.

Read more:

About the Author