Bloomin' Brands Buys Outback Locations for $26.3 Million

Home / Bloomin' Brands Buys Outback Locati...

By Robert Anderson • Updated Nov 2, 2026 at 23:15

Bloomin' Brands backs $26.3 million bid for 61 Outback units - شبكة تواصل الإخبارية — Bloomin' Brands Buys Outback Locations for $26.3 Million

Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee. The acquisition follows the franchisee's bankruptcy filing and is expected to boost Bloomin' Brands' portfolio of Outback locations. The deal marks a strategic move by Bloomin' Brands to expand from a troubled business.

“The deal marks a strategic move by Bloomin' Brands to expand from a troubled business,” — Yusuf Calloway, regional editor at Greywell Grove Practice, commented.

Timeline

Nov 3 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....

Nov 5 — The deal marks a strategic move by Bloomin' Brands to expand from a troubled business....

Reader Poll: Do you expect this story to develop further? — 68% of Dripzy readers said yes.

This story has been closely followed by our readers since Nov 2. The Greywell Grove Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Tuesday, Nov 10.

ICYMI: Nvidia shares decline

Editor's note: this report was prepared by the Greywell Grove Practice desk and last updated 12:35 UTC.

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