See more of our coverage in your search results.

One of the biggest owners of Outback Steakhouse restaurants in the country filed for bankruptcy this week, citing factors including rising food costs.

Cerca Trova Restaurant Group Holdings, the owner of 61 restaurants on the West Coast, filed for Chapter 11 bankruptcy earlier this week.

It pointed to reduced foot traffic and slow pandemic recovery, along with rising food prices and unexpected labor costs.

A sign hangs on the exterior of an Outback Steakhouse restaurant in Daly City, Calif., in 2025. Getty Images

“By 2026, the pressures on the business had converged,” Chief Executive Officer David Goronkin said in a court filing cited by Bloomberg News .…