Report: Hulk Hogan’s Real American Beer looking to acquire Hooters brand

Hulk Hogan may be looking to acquire Hooters.

Business Insider is reporting that Hogan’s beer company Real American Beer is planing on submitting a bid for the resturant chain’s intellectual property. If successful, it would enable the brand to create merchandise, food, and beverage products featuring the Hooters IP at resturants, retail locations, and entertainment venues across the United States.

According to the report, Real American Beer may potentially license the Hooters name back to the restaurant as the company isn’t interested in acquiring Hooters’ locations.

Hooters of America filed for chapter 11 bankruptcy back in March, owing $370 million in debt. Business Insider noted that when Real American Beer began distribution last year, the restaurant was one of the first to carry the beer. Hooters restaurants are continuing to operate as the company goes through the bankruptcy process.

Hogan has been in the news recently as he and Eric Bischoff announced the launch of an amateur wrestling promotion called Real American Freestyle Wrestling. The promotion’s first event is scheduled to take place on August 30 in Cleveland.