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via fastcompany.comBusiness & Companies

Outback Steakhouse closures as a franchisee files for bankruptcy

FROM THE WIRE · FASTCOMPANY.COM

The casual dining chain, owned by Bloomin' Brands, lost restaurants in four states last month in the lead-up to a Chapter 11 petition.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA franchisee bankruptcy and closures affect the chain owned by Bloomin' Brands.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01An Outback Steakhouse franchisee has filed for bankruptcy.
  2. 02The chain lost restaurants in four states last month.
  3. 03The filing is a Chapter 11 petition.

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