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Outback Steakhouse Franchisee Files Bankruptcy After Costs Swell

Bloomberg Markets·November 2, 2026·1 min read

Cerca Trova Restaurant Group, once the largest Outback Steakhouse franchisee, filed for bankruptcy on Monday, citing rising food costs and California's minimum wage law as key factors. The filing marks a significant collapse for the operator, which struggled with increased operational expenses amid a challenging restaurant environment.

Read at Bloomberg Markets
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