Outback Steakhouse franchisee with 61 units files for bankruptcy

A franchisee operating 61 Outback Steakhouse locations has filed for bankruptcy, reportedly after rising costs. Bloomin' Brands reportedly agreed to a stalking horse bid for the franchisee's assets.

Timeline

1. 2 Nov, 20:20 UTCFirst appeared on Google Trends
2. 2 Nov, 20:20 UTCYahoo Finance reports franchisee bankruptcy
3. 2 Nov, 20:20 UTCBloomberg reports bankruptcy after costs swell

Top sources

• bloomin' brandsGoogle Trends
• 61-Unit Outback Steakhouse Franchisee Files for BankruptcyYahoo Finance
• Bloomin' Brands agrees to a stalking horse bid for franchisee's assetsTradingView