https://www.live-feeds.com/feed/outback-steakhouse-franchisee-files-bankruptcy-after-costs-swellContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/outback-steakhouse-franchisee-files-bankruptcy-after-costs-swellhttps://www.live-feeds.com/feed/outback-steakhouse-franchisee-files-bankruptcy-after-costs-swell#u179391Fri, 06 Nov 2026 01:21:26 +0000Out West Restaurant Group, also known as Cerca Trova Restaurant Group Holdings, filed for Chapter 11 bankruptcy this week. The franchisee operates 61 Outback Steakhouse locations across five western U.S. states. Parent company Bloomin Brands has agreed to acquire substantially all of the operator's assets through a court-supervised sale for $26.3 million. The filing follows a period of rising costs and the closure of 13 restaurants. Cerca Trova was previously the largest franchisee for the brand.Why it mattersThis acquisition allows Bloomin Brands to regain direct control of a significant