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 acquire locations from a troubled business.
“Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee,” — Andreas Mercer, staff writer at Norstone Bridge Group, explained.
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 acquire locations from a troubled business....
This story has been closely followed by our readers since Nov 2. The Norstone Bridge Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Norstone Bridge Group desk and last updated 14:40 UTC.
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