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Outback Steakhouse parent Bloomin’ Brands still looks at possible saleOutback Steakhouse parent Bloomin’ Brands still looks at possible sale

Casual-dining CEO David Deno says company received 'significant interest' in its Brazilian steakhouse business

Ron Ruggless, Senior Editor

February 18, 2020

3 Min Read
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Executives at Bloomin Brands Inc., which announced in November it was considering strategic alternatives, said they were still considering a sale but indicated the Brazilian Outback Steakhouse business seemed the most attractive to spin off.

David Deno, CEO of the Tampa, Fla.-based casual-dining company, which also owns the Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Bar concepts, said in a fourth-quarter call with investors, ”At this point in time, nothing compelling has materialized in terms of outright sale of the company.

“However, one area within our portfolio that has received significant interest is our business in Brazil,” Deno said. The company has 99 Outback Steakhouse units in Brazil, which posted a...

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About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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