Companies urged to adapt as restaurant franchisee files for bankruptcy: 'Businesses want to make excuses'

BANKRUPTCY BOMBSHELL: Outback Franchisee Collapses Under $449M Debt as California Costs Bite — 'Businesses Want to Make Excuses'

A San Diego-based Outback Steakhouse franchisee has filed Chapter 11 with $449 million in debt, citing California labor costs and inflation, as entrepreneur Marcus Lemonis tells Fox Business that operators need to adapt rather than make excuses.

Companies urged to adapt as restaurant franchisee files for bankruptcy: 'Businesses want to make excuses'

Companies operating in California and across the nation face growing pressure to adapt to high overhead and point to local economic conditions as the reason for financial collapse, experts say."A lot of businesses want to make excuses now," entrepreneur and FOX Business contributor Marcus Lemonis said Friday during an appearance on "Fox & Friends." "What I say to business owners, small, medium and large. … ‘These are the cards we are dealt. You’…

Financial News Network - Companies urged to adapt as restaurant franchisee files for bankruptcy: 'Businesses want to make excuses'

Marcus Lemonis urges businesses to adapt to rising costs rather than "make excuses" as an Outback Steakhouse franchisee files for bankruptcy with $449 million in debt.Read More …