Claims extracted
16
sentences that state something as happening or true
Uncertain
19%
3 of 16 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
59/100
The Independent's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Outback Steakhouse’s largest U.S. franchisee has filed for bankruptcy, putting 61 western restaurants up for sale as the chain’s parent company seeks to take them over.
asserted
company → file → them
Out West Restaurant Group, also known as Cerca Trova Restaurant Group, filed for Chapter 11 bankruptcy Monday after years of declining sales and rising costs.
asserted
Group → know → sales
Its financial troubles date back to 2018, when falling restaurant traffic began eating into revenue.
asserted
traffic → date → revenue
The pandemic further deepened the losses, with revenue plunging 35 percent in 2020, according to court filings.
uncertain
revenue → deepen → filings
The franchisee has reached a $26.3 million agreement with Outback’s parent company, Bloomin’ Brands, to sell its restaurants and assets.
asserted
franchisee → reach → restaurants
The deal serves as a “stalking horse” bid, establishing a minimum starting price that other potential buyers can attempt to beat during the bankruptcy process.
asserted
buyers → serve → process
Bloomin’ Brands is providing up to $5.5 million to keep the restaurants open during bankruptcy with no immediate changes expected for customers or employees.
asserted
changes → provide → customers
The steakhouse chain has around 115 franchised restaurants in the U.S., along with about 544 company-owned locations.
asserted
chain → have → locations
If Bloomin’ Brands completes the acquisition, it would take direct control of more than half of Outback’s remaining U.S. franchised restaurants, according to Restaurant Dive.
uncertain
it → complete → Dive
Bloomin’ said it was “working closely with Out West, its lenders, and other stakeholders throughout the Bankruptcy Court-supervised process as it focuses on maintaining stability in Out West’s restaurant operations, supporting Team Members and continuing to serve guests,” Restaurant Dive reports.
asserted
Dive → say → guests
The company said that buying Out West’s restaurants “gives [Bloomin’] direct operational insight, allows it to invest in the units through its development initiatives, and to mitigate disruption to guests and employees.”
Out West’s restaurants are primarily located in the Southwest with locations in Arizona, Nevada, New Mexico and Colorado.
asserted
restaurants → say → Arizona
The company also has significant creditors in California, according to bankruptcy filings cited by Restaurant Dive.
uncertain
company → have → Dive
News of the bankruptcy filing comes as Outback revamps its menu and kitchen practices to improve food quality and win back diners.
asserted
Outback → come → diners
The changes include adding a New York strip to its regular menu for the first time and introducing a thick-cut ribeye called the “Down Under Delmonico.”
asserted
changes → include → ribeye
Outback is also updating its cut specifications, hand-trimming techniques and seasoning methods for existing favorites, including its center-cut sirloin, Rockhampton ribeye and Victoria’s barrel-cut filet mignon, the company said.
asserted
company → update → sirloin
Bloomin' Brands also owns Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar.
asserted
Brands → own → Grill
The Aporia
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