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Article: Hooters in Four States Sold.

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PR Newswire
Article date:
January 16, 2008
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ATLANTA, Jan. 16 /PRNewswire/ -- Today Hooters of America, Inc. announced that its oldest franchisee, R.M.D. Corp. of Louisville, Kentucky has reached an agreement for the sale of its assets to a corporation headed by one of its International Franchisee groups. The buyer is an entity which controls the franchisee rights for Australia and New Zealand and currently operates two Hooters Restaurants in Australia. South Pacific Partners, Ltd (SPP) has entered into a letter agreement to acquire substantially all of the assets of R.M.D. Corp. (RMD). SPP is the operating arm of Australian Enterprises, L.P. (AE), the Hooters franchisee for Australia and New Zealand.

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