TAMPA Fla. OSI Restaurant Partners LLC, parent of the 970-unit Outback Steakhouse chain, said Friday it would sell a controlling interest in its Cheeseburger in Paradise brand for $2 million to the chain's president, Steve Overholt. OSI has marketed the concept for sale for some time as part of its strategy to divest its smaller brands, including Roy’s. In November 2008, OSI sold its six-unit Lee Roy Selmon’s chain to a group that included Outback founders Chris ...
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Contact: Desiree Torres Desiree.Torres@penton.com