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Recent Articles

More Outback Steakhouses expected to close in Bloomin’ Brands turnaround plan

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Health

The parent company of Outback Steakhouse is cooking up a turnaround strategy to improve its restaurants.

As part of its turnaround plan, Bloomin’ Brands has closed nearly two dozen U.S. restaurants and has decided to not renew the leases of more than 20 additional U.S. restaurants, the company said in a news release on Thursday, Nov. 6, announcing the company’s third-quarter financial performance.

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