Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee. The transaction follows the franchisee's bankruptcy filing and is expected to boost Bloomin' Brands' portfolio of Outback locations. The deal marks a smart choice by Bloomin' Brands to acquire locations from a troubled business.
“Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee,” — Ingrid Thorne, senior market analyst at Ashburn Grove Financial, observed.
Timeline
Nov 3 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....
Nov 4 — The deal marks a smart choice by Bloomin' Brands to acquire locations from a troubled business....
Reader Poll: Will this story shape the week ahead? — 51% of Yixmall readers said yes.
This story has been closely followed by our readers since Oct 31. The Ashburn Grove Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Ashburn Grove Financial desk and last updated 18:12 UTC.
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