Outback's once-biggest franchisee Cerca Trova files for bankruptcy

Outback's once-biggest franchisee Cerca Trova files for bankruptcy

Bloomin' Brands agreed to buy the 61-restaurant operator's assets for $26.3 million, subject to higher bids and court approval

Outback Steakhouse Franchisee Files Bankruptcy After Costs Swell

Cerca Trova Restaurant Group, once the biggest franchisee of Outback Steakhouse restaurants, filed bankruptcy Monday, blaming factors including rising food costs and California’s minimum wage law for its demise.

Bloomin’ Brands makes $26.3M bid for bankrupt Outback franchisee

Bloomin’ Brands targets 61 Outback restaurants amid its national turnaround. The post Bloomin’ Brands makes $26.3M bid for bankrupt Outback franchisee appeared first on .

A 61-unit Outback Steakhouse franchisee files for bankruptcy

Out West Restaurant Group is in line to be acquired by parent company Bloomin’ Brands following the bankruptcy.

Bloomin' Brands looks to buy Outback restaurants from bankrupt franchisee

The franchisee, Out West, filed for Chapter 11 bankruptcy protection Nov. 2 citing rising food, production and labor costs.

Restaurant group behind Outback Steakhouse files for Chapter 11 bankruptcy

While Outback Steakhouse plays heavily into stereotypical Australian themes with large steaks and dish names like the Outback Special, the casual-dining chain was founded out of Tampa in 1988 at the height of the “Crocodile Dundee” action-adventure film series. Over the ensuing four decades, the…