Hooters of America completed a deal to transfer ownership of the Atlanta-based restaurant chain from the estate of Robert H. Brooks into the hands of a consortium of private investors, including Chanticleer Holdings of South Africa.
Also as part of the transaction, the investor group will buy Texas Wings Inc., the largest Hooters franchisee. Hooters of America has 120 restaurants; Texas Wings has 41. The 161 company-owned locations across 16 states equal nearly half of all domestic Hooters restaurants and more than 33 percent of the locations worldwide.