Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee. The deal comes after 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 expand from a struggling operator.
“Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee,” — Nadia Ashcombe, policy watcher at Copstone Mere Media, added during the briefing.
Timeline
Nov 1 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....
Nov 2 — The deal marks a smart choice by Bloomin' Brands to expand from a struggling operator....
Reader Poll: Will this story shape the week ahead? — 45% of Fxezqnute readers said yes.
This story has been closely followed by our readers since Oct 31. The Copstone Mere Media desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Copstone Mere Media desk and last updated 08:30 UTC.
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