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 enhance Bloomin' Brands' portfolio of Outback locations. The deal marks a wise decision 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,” — Priya Delgado, economic affairs editor at Greenstone Field Recruitment, noted.
Timeline
Nov 2 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....
Nov 3 — The deal marks a wise decision by Bloomin' Brands to expand from a struggling operator....
Reader Poll: Do you expect this story to develop further? — 55% of 60fpsconfig readers said yes.
This story has been closely followed by our readers since Oct 31. The Greenstone Field Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Greenstone Field Recruitment desk and last updated 20:12 UTC.
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