Longtime NASCAR sponsor Hooters has been dropped by Hendrick Motorsports after failing to pay payments.
The sports activities bar, well-known for its hen wings and scantily clad servers, is in severe monetary bother with 40 eating places closing throughout the nation.
In a press release, the workforce mentioned Hooters couldn’t meet the necessities to proceed their partnership that started in 2017.
“On account of these unlucky and unexpected circumstances, and regardless of in depth efforts by each events to discover a workable answer, it turned crucial for Hendrick Motorsports to finish the connection,” the workforce mentioned.
He thanked the corporate for its contribution to his 'successes each on and off the observe'.
Longtime NASCAR sponsor Hooters dropped by Hendrick Motorsports
The sequence has sponsored NASCAR Cup Sequence champion Chase Elliott's automobile since 2017
Hooters entered NASCAR within the early Nineties and sponsored the late NASCAR sequence champion Alan Kulwicki.
For the previous seven years, Hooters has sponsored the No. 9 automobile pushed by NASCAR Cup Sequence champion Chase Elliott, who gained the drivers' title in 2020.
A spokesperson for the Florida-based restaurant chain beforehand confirmed that it abruptly closed 40 places final month.
“Like many eating places underneath stress from present market situations, Hooters has made the troublesome choice to shut a choose variety of underperforming shops,” he informed DailyMail.com.
The corporate is going through monetary difficulties because of the closure of 40 eating places throughout the nation
“Hooters has made the troublesome choice to shut a choose variety of shops,” the corporate mentioned.
'We sit up for persevering with to serve our friends at dwelling, on the go and in our eating places throughout the U.S. and world wide.'
After the closings, Hooters may have about 300 eating places worldwide, down from 333 in 2018, in line with Technomic.
The corporate shouldn’t be believed to be in monetary bother like its competitor Pink Lobster, which just lately filed for chapter underneath Chapter 11.
As an alternative, bosses mentioned the 41-year-old model 'stays extremely resilient and related', and highlighted the brand new vary of Hooters frozen meals which is being bought in supermarkets throughout the US.
