Clearwater founders regain control of Hooters
April 2, 2025 - The founders of the original Hooters in Clearwater have struck a deal with the restaurant's parent company to regain majority control of the chain as part of bankruptcy proceedings. Hooters Inc. and Hoot Owl Restaurants, franchisee groups that include the local founders, will buy 100 corporate locations owned by Hooters of America. The deal will increase their ownership stake to approximately 70%.