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 failing franchisee.
“Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee,” — Farah Vance, staff writer at Keston Gate Partnership, commented.
Timeline
Nov 3 — 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 failing franchisee....
Reader Poll: Should officials respond faster on issues like this? — 57% of Zmomgcxyekj-mlp5 readers said yes.
This story has been closely followed by our readers since Nov 2. The Keston Gate Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Keston Gate Partnership desk and last updated 16:25 UTC.
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