chapotraphouse

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End of an Era. How will America recover? (hexbear.net)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 2 days ago (1 children)

Despite being a joke to younger people, somehow Hooters was doing fine financially.

The bankruptcy and these closures are just a private equity firm doing what they do best. Do a Leveraged Buyout, rip the copper out of the walls, then file for bankruptcy on the debt you took on to do the leveraged buyout.

The same company is also doing this with PF Chang's, TGI Friday's, and Claire's.

[–] [email protected] 22 points 2 days ago (2 children)

Oh no, where will 6 year olds go to get their ears pierced 😢

[–] [email protected] 4 points 1 day ago

I'm truly torn between let-them-fight and shrug-outta-hecks

Private equity is just hollowing out everything and I don't know how to feel about it anymore.

[–] [email protected] 15 points 2 days ago (1 children)

Didn't know PF Changs started doing that

[–] [email protected] 2 points 1 day ago

Those Kung Pow Shrimp Skewers are $14.99 for a reason 👀