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Franchisee collapse starts getting absorbed rather than left to fail

Restaurant Dive, Nov 10 · read the original

Bloomin' Brands offers 26.3 million dollars plus up to 5.5 million in emergency financing to acquire its bankrupt Outback franchisee's assets, calling it an isolated situation, while Denny's works to move its own bankrupt franchisee's roughly 30 restaurants to other operators rather than let them close.

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