Outback Steakhouse
Much like its sister restaurant Carrabba’s, Outback Steakhouse has been compelled to close many of its stores this year alone. Nevertheless, they own many restaurants all around the globe but has more intentional compared to the other affiliated companies, Bloomin’ Brands. In 2012, the first primary public offering of Bloomin’ occurred in 2012 and according to SEC filings, the franchise’s objective was to make $300 million. The IPO wasn’t a complete failure, but yet Bloomin’ shad to close down all of its non-profitable stores. In 1988, Outback’s initial branch was located in Tampa and the bench has been pretty successful in Florida, so fortunately those stores are still running.
Outback Steakhouse
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