CHAIN NEWS
Future of Texas chain Twin Peaks uncertain after bankruptcy filing

Twin Peaks has filed for Chapter 11 bankruptcy.
Bad news for people who need booty shorts and tight shirts to enjoy their buffalo wings with. On Monday, January 26, Twin Hospitality Group, the parent company of the Twin Peaks chain, announced that they were filing Chapter 11 bankruptcy.
The company, founded in Lewisville, Texas in 2005, quickly became a major competitor to Hooters, Bombshells, and other eateries centered on buxom waitstaff. Currently, there are 114 locations nationwide, including four in the Austin area.
The chain has not announced plans for widespread restaurant closures, but the filing comes only a year after the company went public on the stock exchange with a $1 billion estimated value. For now, doors will remain open and staff will be paid, but it's not a sign of strength for most companies to enter Chapter 11.
"Twin Peaks has redefined the sports bar experience and built an iconic and highly profitable business. We are confident that the brand remains positioned for meaningful global expansion in the years to come,” said Andy Wiederhorn, CEO of Twin Hospitality, in a release. “Our focus in this process remains providing quality service to our customers and supporting our franchise partners and the thousands of corporate and franchise employees.”
The news comes at a time of reckoning for "breastaurants.” Last year, the leading name in the industry, Hooters, announced a major brand shift away from its titillating model. Dubbed the “re-Hooterization," the chain plans to return to its original branding of a beach-themed hangout spot.
Multiple locations in Texas have already been bought out or closed in Grapevine, Houston, Lubbock, Bryan, and San Marcos. A spokesperson for Hooters told CultureMap that they are in the process of transferring all Texas liquor licenses from the former ownership.
"We look forward to the completion of the transfers, but it is a process that takes a little bit of time," they said.
Houston-based Bombshells, also underwent restructuring recently, closing two locations in its hometown in 2024. The chain still operates one location in San Antonio.

Chef Partner CJ Jacobson leads both Aba and the newly opened Ēma in Austin.Photo by Jeff Marini