HootersLogoThe Group’s Administrators advise that Expressions of Interest (EOI) to purchase Hooters has now closed. There are a handful of genuine parties that the Administrators are currently liaising with.

“The EOI process allows for a fair process to consider a potential rescue plan for the Group i.e. a Deed of Company Arrangement proposal from the Director versus engaging with new owners or management in order to continue the Hooters brand in Australia.” said the Group’s Administrator David Iannuzzi of Veritas Advisory.

The Administrators are continuing to work closely with Hooters of America, LLC and are using their best endeavours to ensure that the Hooters brand continues down under.

A meeting of creditors has been scheduled for 29 August 2018 where the future of the brand will be discussed further with creditors in attendance. It is expected this meeting will be adjourned to allow creditors more time to fully consider their options.

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