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International Business Times UK
International Business Times UK
Business
Mycah Puno

REVEALED: Is outback steakhouse filing for bankruptcy 21 stores closed since october - The Real Truth

Outback Steakhouse Outback United States Mike Spanos Bloomin Brands Bloomin Brands Inc Texas Roadhouse Chili LinkedIn
Outback Steakhouse faces financial pressure amid multi-million dollar overhaul. (Credit: Facebook/Outback Steakhouse - National)

KEY POINTS

  • Outback Steakhouse's parent company closed 21 restaurants and suspended dividends amid restructuring
  • Bloomin' Brands is investing $75 million to revitalise Outback through menu and service improvements
  • The company denies bankruptcy rumours, focusing instead on long-term consolidation and growth recovery

Outback Steakhouse is entering a critical phase in its corporate restructuring after parent company Bloomin' Brands Inc. confirmed the closure of 21 restaurants in October as part of a broader financial recovery strategy.

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