Hooters owner files for bankruptcy
By Michael Schwartz
RICHMOND, Va. (RichmondBizSense.com) – A Richmond restaurateur whose holdings include a dozen Hooters and Topeka’s Steakhouse locations has filed for Chapter 11 bankruptcy protection.
Cornett Hospitality LLC, headquartered on Staples Mill Road, made its filing Wednesday, listing 287 creditors and liabilities of between $1 million and $10 million. It lists assets of the same range.
The company owns nine Hooters restaurants and three Topeka’s locations in Virginia, West Virginia and Pennsylvania. It previously owned two Max & Erma’s locations in Richmond but closed them after falling behind on rent and after the chain filed bankruptcy in 2010.
Here’s a story WTVR CBS 6 produced the day the West Broad Street Hooters opened in 1992 (mobile users click here to view).