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Article: Mastodon Ventures, Inc. Representing Buyer of Hooters in Four States.
- Article from:
- Business Wire
- Article date:
- January 24, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas -- 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.
RMD is owned by Neal ...