Outback Steakhouse Franchisee Files for Bankruptcy; Chain to Buy 61 Locations

• Cerca Trova Restaurant Group, Outback Steakhouse's largest US franchisee, filed for Chapter 11 bankruptcy.
• Outback Steakhouse plans to buy 61 of the franchisee's restaurants.
• The franchisee cited rising food costs and California's minimum wage law as contributing factors to its bankruptcy.
• The bankruptcy filing affects multiple locations across the United States.
• Outback Steakhouse aims to continue operations at the purchased locations.