Chanticleer
Holdings, a minority holder in the privately held parent company of the
Hooters® brand Hooters Of America, and a franchisee of international Hooters
restaurants, has entered into a merger agreement to acquire two Hooters
restaurants in the U.S. Pacific Northwest in a deal expected to close before
January 31, 2014.
Per
the agreement, Chanticleer has acquired 100 percent of the shares of Tacoma
Wings, LLC and Hooters of Oregon Partners, LLC, owners and operators of the two
locations in Portland, Ore., and Tacoma, Wash. Chanticleer has obtained all
leasehold and current franchise rights to the Hooters locations in Oregon and
Washington. In line with Chanticleer’s expansion initiatives, the company
reports that management has begun evaluating locations around the Portland and
Seattle areas for future restaurant openings.
“We
believe the northwest presents a great strategic opportunity for Chanticleer to
grow the Hooters brand as well as some of our other concepts we own. We are
fortunate to inherit an experienced management team that will help make our
growth possible,” Mike Pruitt, chairman and CEO, stated in the news release.
Headquartered
in a Charlotte, NC, Chanticleer and its subsidiaries own and operate restaurant
brands in the United States and internationally. The company is a franchisee
owner of Hooters® restaurants in international markets including England, South
Africa, Hungary and Brazil, and recently joint ventured with the current
Hooters franchisee in Australia. Chanticleer is evaluating several additional
international opportunities. The company also owns and operates American
Roadside Burgers and owns a majority interest in Just Fresh restaurants in the
U.S.
For
more information visit www.chanticleerholdings.com
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