Latest news with #TerriFrancis
Yahoo
13-06-2025
- Business
- Yahoo
Hulk Hogan Attempts to Save Hooters Amid Bankruptcy
Beloved American restaurant chain Hooters is going through some hard times, filing for bankruptcy earlier this year and abruptly closing several restaurants across the country earlier this month. But it sounds like professional wrestling legend Hulk Hogan is doing what he can to try to save the iconic chicken wings restaurant. Hulk Hogan's beer brand, Real American Beer, is spearheading a bid for the entire Hooters of America business, including the chain's restaurants, according to a report from Business Insider. Real American Beer CEO Terri Francis confirmed this move to the outlet as he made it clear that the wrestling legend was all in on saving the Hooters brand. "Hulk Hogan and Real American Beer are fully committed to protecting and revitalizing the iconic American brand Hooters," Francis told Business Insider. If the bid to purchase Hooters is successful, a source familiar with the situation told Business Insider that the group would look to bring new revenue streams to the struggling restaurant, including merchandise. The group would also like to find ways to get customers – especially a younger demographic – to come back into the restaurant. "Cheap beer and fattening wings aren't the food or drink of the younger generation," the person told Business Insider. "Hulk can solve that." Despite the recent struggles, Hooters has continually reiterated that the brand is not going anywhere. "Hooters will be well-positioned to continue our iconic legacy under a pure franchise business model," the company said in a statement to the USA Today. "We are committed to supporting our impacted team members throughout this process and are incredibly grateful to our valued customers for their loyalty and dedication to the Hooters brand." We'll have to see whether or not the wrestling legend will get his chance to help be a part of that journey. Hulk Hogan Attempts to Save Hooters Amid Bankruptcy first appeared on Men's Journal on Jun 12, 2025
Yahoo
12-06-2025
- Business
- Yahoo
Hulk Hogan wants to reimagine Hooters restaurants as his Real American Beer brand makes a new bid to save the chain
Hulk Hogan's beer brand is leading a bid for Hooters' restaurants. Real American Beer was previously interested in acquiring the Hooters' brand name. Hooters of America filed for Chapter 11 bankruptcy in March. Hulk Hogan's beer brand is making a bigger bid to save Hooters of America and get the chain growing again. Real American Beer is spearheading a bid for the entire Hooters of America business, including the chain's restaurants, Business Insider has learned. The chain filed for bankruptcy in March. The beer brand, founded in 2024 by wrestling legend Hulk Hogan, expressed interest last month in Hooters' brand name, BI reported. Since then, Real American has assembled a team with broader experience, including running restaurant chains, CEO Terri Francis told BI. "Hulk Hogan and Real American Beer are fully committed to protecting and revitalizing the iconic American brand Hooters," Francis said. Hogan and Real American have "assembled a world-class team" to handle multiple elements of the Hooters business, including real estate, franchising, brand building, and social media marketing, she told BI. The parties overseeing Hooters' bankruptcy would need to approve the bid, and its terms could change. The latest bid puts Hulk's company in direct competition with a proposal led by Hooters Inc., which oversees some franchised Hooters locations and is run by CEO Neil Kiefer, one of Hooters' original cofounders. If successful, the Real American-led bid would aim to grow the Hooters business, including through new revenue streams like merchandise, a person familiar with the bid told BI. The person was not authorized to speak publicly about the bid. It would also find a strategy that could get more diners, especially people in their 20s and 30s, stopping by Hooters' restaurants. "Cheap beer and fattening wings aren't the food or drink of the younger generation," the person said. "Hulk can solve that." The Real American bid faces some challenges. For one, Real American would have to find another entity to own the Hooters locations since US liquor laws prevent alcohol brands from owning restaurants. Another challenge is satisfying Hooters of America bondholders, the person familiar with Real American's bid said. Under current plans, Hooters of America would continue paying bondholders what they're owed, according to bankruptcy filings. The company entered bankruptcy with $376 million in debt. Real American's bid, meanwhile, assumes that Hooters' debt holders would need to settle for less than what Hooters owes them in order to make investments in the business and avoid another bankruptcy in the future, the person familiar with Real American's plans said. "It is an uphill struggle as long as someone is bidding the full value of the bonds," the person said, referring to Hooters Inc.'s bid. Hooters Inc. and Hooters of America did not respond to requests for comment from BI. Hooters' founders opened their first restaurant in 1983 in Clearwater, Florida — the birthplace and home of Hulk Hogan. The chain grew to hundreds of restaurants, including many outside the US, over the next few decades. In the early 2000s, Hooters also briefly operated an airline, Hooters Air. Since 2019, the chain has been owned by private equity firms Nord Bay Capital and TriArtisan Capital Advisors. Last year, Hooters closed about 40 locations, citing declining sales. When it filed for bankruptcy this spring, Hooters of America had about 300 locations. Last week, the company identified about 30 more restaurants that it plans to shutter. Real American is hoping that it can reverse Hooters' fortunes. "This isn't about preserving nostalgia," Francis said of the bid that the company is leading. "It's about unlocking Hooters' next era of growth." Do you have a story to share? Contact this reporter at abitter@ Read the original article on Business Insider
Business Upturn
21-05-2025
- Business
- Business Upturn
The Wait Is Over: Real American Beer Officially Lands in Pennsylvania
TAMPA, Fla., May 21, 2025 (GLOBE NEWSWIRE) — After countless emails, DMs, and beer-thirsty pleas, Real American Beer is proud to announce its official launch in the Commonwealth of Pennsylvania—answering the call of the people with an unapologetic American brand that speaks their language. From Philly to Pittsburgh, Scranton to State College, Real American Beer is now available at retailers across the state, delivering its premium light lager with 110 calories, 4g carbs, and 200% American flavor to Pennsylvanians who've been waiting (im)patiently. 'We've had fans in Pennsylvania asking for this since day one,' said Terri Francis, CEO of Real American Beer. 'They didn't just ask once. They followed up. They emailed. They hit our DMs. So we finally said, alright—we heard you. This beer's for you, PA.' With this launch, Real American Beer adds Pennsylvania to its rapidly expanding national footprint—now available in 27 states and over 15,000 retailers in less than 12 months. 'When we started Real American Beer, we said we were building something for the people—and Pennsylvania, you're part of that, brother,' said Hulk Hogan, WWE Hall of Famer and co-founder of Real American Beer. 'This is a call to every backyard, every tailgate, every true American who's been waiting to crack open a beer that actually stands for something.' Real American Beer was made for people who stock the fridge, fly the flag, and don't need a special occasion to crack a cold one. That's Pennsylvania to a T. From shift workers and small-town legends to the guys manning the grill on Sundays—this state gets it. And for fans who want to skip the beer run? Real American Beer is now available to order online , with direct delivery right to your door. Just a few clicks, and crushable light beer is on the way. It's never been easier—or more American—to stock the fridge for long weekends, backyard BBQs, or Tuesday night lawn chair sessions. For store locations or to order online, visit: ABOUT REAL AMERICAN BEER Co-founded by WWE legend Hulk Hogan, Real American Beer (RAB) is a premium light beer that's proudly American-owned and made. At 4.2% ABV with just 110 calories and 4g carbs, RAB is now available in 27 states and counting, with a simple mission: bring people together, one beer at a time. Learn more at , buy RAB online , and follow along on Instagram , Facebook and X . Media Contact: [email protected] A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
21-05-2025
- Business
- Yahoo
The Wait Is Over: Real American Beer Officially Lands in Pennsylvania
One of the Most Requested States Is Finally On Shelves And Online Real American Beer Slams Into PA TAMPA, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- After countless emails, DMs, and beer-thirsty pleas, Real American Beer is proud to announce its official launch in the Commonwealth of Pennsylvania—answering the call of the people with an unapologetic American brand that speaks their language. From Philly to Pittsburgh, Scranton to State College, Real American Beer is now available at retailers across the state, delivering its premium light lager with 110 calories, 4g carbs, and 200% American flavor to Pennsylvanians who've been waiting (im)patiently. 'We've had fans in Pennsylvania asking for this since day one,' said Terri Francis, CEO of Real American Beer. 'They didn't just ask once. They followed up. They emailed. They hit our DMs. So we finally said, alright—we heard you. This beer's for you, PA.' With this launch, Real American Beer adds Pennsylvania to its rapidly expanding national footprint—now available in 27 states and over 15,000 retailers in less than 12 months. 'When we started Real American Beer, we said we were building something for the people—and Pennsylvania, you're part of that, brother,' said Hulk Hogan, WWE Hall of Famer and co-founder of Real American Beer. 'This is a call to every backyard, every tailgate, every true American who's been waiting to crack open a beer that actually stands for something.' Real American Beer was made for people who stock the fridge, fly the flag, and don't need a special occasion to crack a cold one. That's Pennsylvania to a T. From shift workers and small-town legends to the guys manning the grill on Sundays—this state gets it. And for fans who want to skip the beer run? Real American Beer is now available to order online, with direct delivery right to your door. Just a few clicks, and crushable light beer is on the way. It's never been easier—or more American—to stock the fridge for long weekends, backyard BBQs, or Tuesday night lawn chair sessions. For store locations or to order online, visit: ABOUT REAL AMERICAN BEERCo-founded by WWE legend Hulk Hogan, Real American Beer (RAB) is a premium light beer that's proudly American-owned and made. At 4.2% ABV with just 110 calories and 4g carbs, RAB is now available in 27 states and counting, with a simple mission: bring people together, one beer at a time. Learn more at buy RAB online, and follow along on Instagram, Facebook and X. Media Contact:press@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
The Wait Is Over: Real American Beer Officially Lands in Pennsylvania
One of the Most Requested States Is Finally On Shelves And Online Real American Beer Slams Into PA TAMPA, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- After countless emails, DMs, and beer-thirsty pleas, Real American Beer is proud to announce its official launch in the Commonwealth of Pennsylvania—answering the call of the people with an unapologetic American brand that speaks their language. From Philly to Pittsburgh, Scranton to State College, Real American Beer is now available at retailers across the state, delivering its premium light lager with 110 calories, 4g carbs, and 200% American flavor to Pennsylvanians who've been waiting (im)patiently. 'We've had fans in Pennsylvania asking for this since day one,' said Terri Francis, CEO of Real American Beer. 'They didn't just ask once. They followed up. They emailed. They hit our DMs. So we finally said, alright—we heard you. This beer's for you, PA.' With this launch, Real American Beer adds Pennsylvania to its rapidly expanding national footprint—now available in 27 states and over 15,000 retailers in less than 12 months. 'When we started Real American Beer, we said we were building something for the people—and Pennsylvania, you're part of that, brother,' said Hulk Hogan, WWE Hall of Famer and co-founder of Real American Beer. 'This is a call to every backyard, every tailgate, every true American who's been waiting to crack open a beer that actually stands for something.' Real American Beer was made for people who stock the fridge, fly the flag, and don't need a special occasion to crack a cold one. That's Pennsylvania to a T. From shift workers and small-town legends to the guys manning the grill on Sundays—this state gets it. And for fans who want to skip the beer run? Real American Beer is now available to order online, with direct delivery right to your door. Just a few clicks, and crushable light beer is on the way. It's never been easier—or more American—to stock the fridge for long weekends, backyard BBQs, or Tuesday night lawn chair sessions. For store locations or to order online, visit: ABOUT REAL AMERICAN BEERCo-founded by WWE legend Hulk Hogan, Real American Beer (RAB) is a premium light beer that's proudly American-owned and made. At 4.2% ABV with just 110 calories and 4g carbs, RAB is now available in 27 states and counting, with a simple mission: bring people together, one beer at a time. Learn more at buy RAB online, and follow along on Instagram, Facebook and X. Media Contact:press@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
