Bloomin' Brands Buys Outback Locations for $26.3 Million

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By Sophia Thomas • 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 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 expand from a troubled business.

“The deal comes after the franchisee's bankruptcy filing and is expected to strengthen Bloomin' Brands' portfolio of Outback locations,” — Yusuf Calloway, senior market analyst at Oakburn Bridge Media, told our newsroom.

Timeline

Oct 31 — Bloomin' Brands has agreed to a bid to acquire 61 Outback Steakhouse units from a bankrupt franchisee....

Nov 2 — The deal marks a wise decision by Bloomin' Brands to expand from a troubled business....

Reader Poll: Will this story shape the week ahead? — 48% of Lembellie readers said yes.

This story has been closely followed by our readers since Nov 1. The Oakburn Bridge Media desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Saturday, Nov 7.

ICYMI: Hints and answers for the NYT Strands puzzleLatest NYT Strands hints and solutionsNYT...

Editor's note: this report was prepared by the Oakburn Bridge Media desk and last updated 09:43 UTC.

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