Fat Brand is shutting down more Smokey Bones locations to convert them into the Hooters-like restaurant Twin Peaks.

Some customers have speculated that rival chains like Twin Peaks with a similar format have been "steadily stealing" customers for some time. In June 2024, Hooters conducted a wave of shutdowns ...

Fat Brands also owns Twin Peaks, a Hooters competitor. In their earnings call recently, they divulged some information as to the reason behind the flip. CFO Ken Kuick said Twin Peaks' profit ...

Hooters is reportedly navigating a restructuring plan through bankruptcy court, and competitors like Twin Hospitality ... currently managing the Twin Peaks and Smokey Bones brands.

Hooters of America is reportedly working with creditors on a plan to restructure the business through bankruptcy court. Sources told Bloomberg that they expect the bankruptcy process to formally ...

Many attribute this decline to changing consumer preferences and increasing competition from rivals like Twin Peaks, which has been drawing away customers. The news of Hooters' financial troubles ...