Hooters – the notorious entertainment bar – will remain open in Cardiff despite the venue’s previous proprietor entering administration.
Bristol City insolvency specialists Houghton Stone Business Recovery (HSBR) have today exclusively confirmed to Insolvency News that a pre-pack administration has been completed, saving all 47 jobs in the business.
The Bubo Restaurant Company entered administration on Thursday 9 February just days after it was confirmed that the Hooters in Bristol City Centre was set to close due to financial issues.
However, Hambrook-based Houghton Stone Business Recovery (HSBR) was appointed to handle the assets of the company and was able to revive the Hooters outlet which operates from licensed premises in Mary Ann Street, Cardiff.
HSBR’s Simon Thornton was appointed to handle the case from the company’s offices on the outskirts of Bristol.
Speaking exclusively to Insolvency News, he explained: “Clearly we are pleased to have been able to have kept it trading and preserve these jobs. It had been a profitable business which had been pulled down by the problems in Bristol.
“In Cardiff, it seemed to be in a better position than the branch in Bristol. It is in a popular area of town. The Bristol branch was a separate business which was liquidated with the creditors meeting to be held on Thursday.”
Bubo was granted the franchise to open the new sites by Hooters US in August 2010 triggering a storm of controversy by feminist campaigners.
The chain’s insistence that American bar-grill food is served by waitresses wearing orange shorts and tight tops led to outrage and protests by groups in both Cardiff and Bristol.