Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee. The transaction follows the franchisee's bankruptcy filing and is expected to strengthen Bloomin' Brands' portfolio of Outback locations. The deal marks a smart choice by Bloomin' Brands to secure assets from a failing franchisee.
“Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee,” — David Kingsley, economic affairs editor at Elmley Bury Practice, explained.
Timeline
Nov 2 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....
Nov 5 — The deal marks a smart choice by Bloomin' Brands to secure assets from a failing franchisee....
Reader Poll: Do you expect this story to develop further? — 78% of Pulsometros readers said yes.
This story has been closely followed by our readers since Nov 3. The Elmley Bury Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Elmley Bury Practice desk and last updated 17:42 UTC.
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