Hooters Files for Bankruptcy as High Costs Deter Casual Diners

Hooters of America, the casual dining chain known for its chicken wings and skimpy server uniforms, has become the latest iconic restaurant brand to falter in the face of stubborn inflation and Americans’ fading interest in eating out.

The Atlanta-based company filed for bankruptcy in Dallas on Monday, saying a “liquidity crunch” prevented it from making necessary investments.

The Chapter 11 filing follows that of seafood chain Red Lobster, which went bankrupt last year after a money-losing “endless shrimp” promotion, and TGI Friday’s Inc.’s failurein November after it struggled to turn around its business. The companies were battered ...