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 secure assets from a failing franchisee.
“The deal marks a wise decision by Bloomin' Brands to secure assets from a failing franchisee,” — Simone Whitfield, policy watcher at Ellstone Ford Partnership, told our newsroom.
Timeline
Oct 31 — 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 secure assets from a failing franchisee....
Reader Poll: Will this story shape the week ahead? — 75% of Socaclothing readers said yes.
This story has been closely followed by our readers since Oct 31. The Ellstone Ford Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Ellstone Ford Partnership desk and last updated 03:41 UTC.
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