"Outback Steakhouse Parent Company Shuts Down 41 Underperforming Restaurants"
Bloomin' Brands, the owner of Outback Steakhouse and other restaurant chains, has closed 41 locations, citing underperformance and the need for improvements. The closures include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s locations, with employees receiving no prior warning. Despite the shutdowns, the company plans to open 40-45 new restaurants by year-end and emphasizes that the move is not a sign of weakness.
