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Outback Steakhouse Franchisee Files Bankruptcy After Costs Swell
Source: Bloomberg
M&A & RestructuringConsumer Demand & RetailInflationRegulation & LegislationCompany Fundamentals
Cerca Trova Restaurant Group, formerly the largest Outback Steakhouse franchisee, filed for bankruptcy on Monday. The group cited rising food costs and California’s minimum wage law among the factors behind its demise.
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