Hooters Prepares Bankruptcy Plan
This is a news story, published by torontosun, that relates primarily to Ropes & Gray news.
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law firm Ropestorontosun
•Business
Business & Economics
Hooters in talks for potential bankruptcy in coming months
87% Informative
The casual dining chain is working with law firm Ropes & Gray to ready a filing.
The court process would likely begin within the next two months , people say.
Hooters has faced liquidity issues as foot traffic has declined and has shuttered several locations.
Casual dining chains have come under pressure as inflation, supply chain disruptions and higher interest expenses raise menu prices.
VR Score
88
Informative language
86
Neutral language
80
Article tone
formal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
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