Beloved steakhouse chain’s largest US franchisee files for bankruptcy
A major franchisee that operated 61 Outback Steakhouse restaurants filed for bankruptcy due to rising costs. Bloomin' Brands, the parent company, has agreed to purchase the franchisee's assets for $26.3 million, though the sale is subject to higher bids and court approval.
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3 sourcesRising food costs prompt big Outback Steakhouse franchisee to file for bankruptcy
Beloved steakhouse chain’s largest US franchisee files for bankruptcy