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Outback Steakhouse franchisee files for Chapter 11 bankruptcy

Original: outback steakhouse

A franchisee that operates Outback Steakhouse restaurants has filed for Chapter 11 bankruptcy protection, according to a Yahoo Finance report. The filing means the operator will attempt to restructure its debts while continuing to run its restaurants. The news comes as casual dining chains across the United States face pressure from rising costs and changing consumer spending habits.

Why now: A bankruptcy filing tied to a well-known casual dining brand is drawing attention amid broader struggles in the US restaurant industry

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Evidence

• Outback’s largest U.S. franchisee goes bankrupt · Restaurant Dive
• Outback Steakhouse restaurant franchisee files for Chapter 11 bankruptcy · Yahoo Finance

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