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Outback Steakhouse franchisee Cerca Trova Restaurant Group Holdings files for bankruptcy

USA TODAY +3 · ·by G4L

BLMN
BLMN Bloomin Brands Inc
$10.23 +3.02%
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  1. 1Cerca Trova Restaurant Group Holdings filed for bankruptcy protection in the Delaware federal bankruptcy court on November 2.
  2. 2In October, 10 closed Outback restaurants from Out West Restaurant Group were recorded, along with 3 additional store closures earlier this year.
  3. 3An initial proposal of $26.3 million for the acquisition of assets by Bloomin' Brands is subject to court approval.

So what's the key point?

A company that operates Outback Steakhouse locations has filed for bankruptcy in court. Bloomin' Brands is considering a plan to purchase the company's assets for $26.3 million.

Source USA TODAY +3 · View original ↗

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Bloomin' Brands Records $944 Million in Q3 Revenue and Pursues Turnaround Strategy The Motley Fool · 4d agoBloomin' Brands beats expectations with $2.2 million third-quarter loss Associated Press +2 · 5d agoOut West Restaurant Group, an Outback Steakhouse franchisee, files for bankruptcy FSR +1 · Nov 2
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