Bloomin' Brands: Fully Bloomed At Current Levels
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. owns and operates restaurants. Its brands include Outback steakhouse, Carrabba's Italian Grill, which is an authentic Italian casual dining restaurant; Bonefish Grill, which provides seafood featuring market fresh grilled fish; and Fleming's Prime Steakhouse & Wine Bar. The... More
Country: United States
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