Nov. 28, 2014, 3:01 PM
- Bloomin' Brands (NASDAQ:BLMN) is selling its interests in upscale Hawaiian fusion restaurant chain Roy's to Sunil Dharod, the owner of 69 Applebee's restaurants. Terms are undisclosed.
- Bloomin's interests include 20 company-owned restaurants. The company added Roy's to its portfolio in 2000.
Nov. 4, 2013, 4:59 PM
| Nov. 4, 2013, 4:59 PM
- Bloomin' Brands (BLMN) acquires an additional 40% stake in its Brazilian Outback Steakhouse joint venture for $111M in cash. BLMN now holds a 90% stake in the ops, with provisions to acquire the remaining interest between 2015-2018. (8-K)
- The JV, called PGS Consultoria e Servicos, generated revenue of $63.8M and net income of $5.3M in Q2.
Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International segments. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.... More
Country: United States