Hooters files for bankruptcy

(CNN)– Hooters has filed for chapter 11 bankruptcy but the bar restaurant chain says it isn’t planning to go anywhere.

Hooters plans to sell all of its 100 company-owned restaurants to two franchise groups.

The company was founded in 1983 in Clearwater, Florida.

But it has come under fire in recent years, including several lawsuits for racial and gender discrimination.

Last year, Hooters closed dozens of restaurants because of rising food and labor costs.