Report
Outback Steakhouse franchisee Cerca Trova files for bankruptcy
Cerca Trova reportedly cited rising food costs and California's minimum wage law as factors in its bankruptcy.
TLDR
Cerca Trova Restaurant Group filed for bankruptcy on Nov. 2 after having once been Outback Steakhouse's biggest franchisee. The company cited rising food costs and California's minimum wage law among the factors behind the filing. Those are its reported reasons, not an independent finding about what caused the bankruptcy.
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