Hulk Hogan's Real American Beer is planning to bid for Hooters' intellectual property following Hooters of America's bankruptcy. If successful, the deal would enable Hogan to produce Hooters-themed products for retail and restaurants, while licensing the name back to Hooters locations. The bid, expected to be made soon, is still in flux, requiring approval from oversight parties in the bankruptcy proceedings. Hooters, which started in the 1980s in Clearwater like Hogan, remains operational during this challenging period.
If a bid was successful, it would allow Hogan and Real American Beer to create Hooters-branded merchandise, such as food and beverages, that it could distribute at restaurants, including Hooters locations, as well as at retailers and entertainment and gaming venues.
The bid would need to be approved by parties overseeing Hooters' bankruptcy. The person declined to say how much the bid would be worth, but said that it would be an all-cash offer.
Hogan and Hooters have a relationship going back decades. Hooters got its start in the 1980s when its founders opened the chain's first location in Clearwater, Florida - the same city where Hogan was born and raised.
Hogan's company isn't interested in acquiring or operating the restaurants, the person added. Real American would license the Hooters name back to the restaurants under the potential deal.
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