Hooters goes back into voluntary administration

Hooters has once again been placed in voluntary administration, less than two years after its new owner vowed to revive it.

Racy restaurant chain Hooters Australia is back on the market after its Australian owners struggled to breathe life into the “breastaurant” chain which landed here a decade ago.

Veritas Advisory has been appointed as administrator for Hotr Australia and its subsidiary companies that operate Hooters restaurants in Parramatta, Penrith, Campbelltown and the Gold Coast.

In the meantime it is business as usual at the restaurants which will trade during the administration period, which is expected to take up to two months.

“It gives Hooters some breathing space which in turn helps to stabilise and if necessary, restructure the business either with the current owner or a new management team or the opportunity for a sale to another player,” said administrator David Iannuzzi.

Sheridan Randall - 8th August 2018