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 wise decision by Bloomin' Brands to expand from a troubled business.
“Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee,” — Elena Iversen, regional editor at Ashley Grove Media, noted.
Timeline
Nov 5 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....
Nov 5 — The deal marks a wise decision by Bloomin' Brands to expand from a troubled business....
Reader Poll: Do you expect this story to develop further? — 78% of Morcav readers said yes.
This story has been closely followed by our readers since Nov 2. The Ashley Grove Media 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 Ashley Grove Media desk and last updated 07:51 UTC.
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