Dedicated Issues··Thursday, November 5, 2026, 9:38 PM
Outback’s Largest Franchisee Files Bankruptcy on $449 Million Debt as Restaurant Closures Spread
San Diego-based Out West Restaurant Group, also called Cerca Trova Restaurant Group, filed Chapter 11 in Delaware on Monday. The filing covers 61 Outback Steakhouse locations in California, Arizona, Colorado, Nevada and New Mexico. Debt has climbed from roughly $269 million in late 2020 to about $449 million. CEO David Goronkin told the court that
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