Bloomin' Brands

Last updated
Bloomin' Brands, Inc.
Company type Public
Industry Restaurant
FoundedAugust 1988;35 years ago (1988-08), in Tampa, Florida, U.S.
Founder
HeadquartersTampa, Florida, U.S.
Number of locations
1,489 restaurants (2017)
Area served
Worldwide
Key people
RevenueDecrease2.svg US$ 4.213 billion (2017)
Number of employees
93,000 (2020)
Subsidiaries
Website Bloomin' Brands
Footnotes /references
[1]

Bloomin' Brands, Inc. is a restaurant holding company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, Florida, where it is headquartered. [2]

Contents

History

The company was founded in August 1988 as Multi-Venture Partners, Inc. in Florida by Tim Gannon, Bob Basham, Trudy Cooper,and Chris Sullivan. In 1988 the first Outback Steakhouse was opened in Tampa, Florida. The company went public in 1991 as a 49-restaurant chain and changed its name to Outback Steakhouse, Inc. The Carrabba's Italian Grill was launched in 1993. The company's international expansion began with the first Outback Steakhouse to open in Canada. Revenues for the company exceed $1 billion for the first time. In 1998 the first units of Roy's Restaurant, Fleming's Prime Steakhouse & Wine Bar, and Lee Roy Selmon's open. Cheeseburger in Paradise was launched several years later in 2002. The Wall Street Journal reported on November 7, 2006, that Bain Capital, Catterton Partners and founders Sullivan, Basham, and Gannon (collectively referred to as Kangaroo Holdings, Inc.), had reached an agreement to buy OSI Restaurant Partners Inc. for about $3 billion. [3] On April 1, 2019 David Deno became Bloomin' Brands new CEO replacing Elizabeth Smith [4]

Prior to the company becoming OSI Restaurant Partners, LLC, Outback Steakhouse Inc. owned Paul Lee's Chinese Kitchen, Cheeseburger in Paradise, Lee Roy Selmon's, Bonefish Grill, Roy's, Carrabba's, Fleming's [5] and Zazarac brands.

The company formerly held the Cheeseburger in Paradise and Lee Roy Selmon's restaurant concepts. OSI also opened Blue Coral Seafood & Spirits in 2006, and planned 15 locations. They had opened two in California: one at Newport Beach in Orange County, and a second in San Diego, until deciding to close in 2009. [6]

In August 2023, it was announced the New York-headquartered hedge fund, Starboard Value, had acquired a 5% stake in Bloomin’ Brands for an undisclosed amount. [7]

Restaurant chains

As of 2021, chains that the company owns and/or operates include:

Charitable contributions

In 2001, OS Restaurant Partners and other national restaurants helped to raise $1 million for Dine Out for America for Victims of 9/11. [8]

Political contributions

Bloomin' Brands has a political action committee called the Bloomin' Brands, Inc. Political Action Committee which gives overwhelmingly (75-95% of the time) to conservative and Republican and occasionally Democratic candidates, [9] typically those on Congressional committees overseeing its business sector. [10] Bloomin' Brands, Inc. Political Action Committee was a PAC during the 2016 election. As of the most recent 2018 financial filing from the Federal Election Commission (FEC), the committee raised a total of $334,000 and spent a total of $301,000. During the 2017-18 period so far, as of the most recent financial filing from the Federal Election Commission (FEC), the committee contributed to a mix of Democrats and Republican candidates and committees, as well as specific business sector oriented PACS such as the National Restaurant Association (NRA) PAC. [11]

Related Research Articles

<span class="mw-page-title-main">Outback Steakhouse</span> American chain steakhouse

Outback Steakhouse is an American chain of Australian-themed casual dining restaurants, serving American cuisine, based in Tampa, Florida. The chain has over 1,000 locations in 23 countries throughout North America, South America, Asia, and Australia. It was founded on March 15, 1988 with its first location in Tampa by Bob Basham, Chris T. Sullivan, Trudy Cooper, and Tim Gannon. It was owned and operated in the United States by OSI Restaurant Partners until it was acquired by Bloomin' Brands, and by other franchise and venture agreements internationally.

<span class="mw-page-title-main">Fashion Island</span> Shopping mall in California, U.S.

Fashion Island is an outdoor regional shopping mall in Newport Beach, California. Opened in 1967 by The Irvine Company as the anchor to their master-planned Newport Center district, Fashion Island is anchored by Bloomingdale's, Macy's, Neiman Marcus, and Nordstrom.

<span class="mw-page-title-main">Westshore (Tampa)</span> Neighborhood in Hillsborough, Florida, United States

Westshore is a principal business district of Tampa, Florida, United States, with more than 11,000,000 square feet (1,000,000 m2) of commercial office space, 4,000 businesses with nearly 100,000 employees, 32 hotels, two major shopping malls and more than 200 restaurants and bars. Westshore Boulevard is the district's main thoroughfare. Although mostly zoned for commercial use there is also some residential space in the area. The NEVs that circulate people around Tampa's urban corridor areas are starting to venture to International Plaza.

<span class="mw-page-title-main">Roy Yamaguchi</span>

Roy Yamaguchi is a Japanese-American celebrity chef, restaurateur, and founder of a collection of restaurants, including 30 Roy's Restaurants in the United States and Guam, the Tavern by Roy Yamaguchi and Eating House 1849. He is one of the founding members of the Hawaii Regional Cuisine movement.

<span class="mw-page-title-main">Lone Star Steakhouse & Saloon</span> Casual dining restaurant chain

Lone Star Steakhouse & Saloon was an American casual dining restaurant chain with a single independently owned and operated franchise still in business in 2021 on the island of Guam. The chain served steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. At its maximum, 267 Lone Star Steakhouses were in operation. The company filed for Chapter 7 bankruptcy on September 7, 2017.

<span class="mw-page-title-main">Texas Roadhouse</span> American chain steakhouse

Texas Roadhouse is an American steakhouse chain that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts and is headquartered in Louisville, Kentucky. As of August 2021, the chain operates about 627 locations in 49 U.S. states and 29 international locations in 10 countries.

<span class="mw-page-title-main">Carrabba's Italian Grill</span> American restaurant chain

Carrabba's Italian Grill is an American restaurant chain featuring Italian-American cuisine. It is owned and operated by Bloomin' Brands, and headquartered in Tampa, Florida.

<span class="mw-page-title-main">Cheeseburger in Paradise (restaurant)</span> Defunct Casual dining restaurant and former chain

Cheeseburger in Paradise was a casual dining theme restaurant chain in the United States that operated between 2002 and 2020. The chain started in 2002 as a partnership of American musician Jimmy Buffett's company, the Orlando, Florida-based Margaritaville Holdings LLC, and OSI Restaurant Partners, with Buffett licensing the name and Outback Steakhouse operating the franchising of restaurants. After a change of ownership in 2012, most of the restaurants were closed by 2014. The last location closed in September 2020.

<span class="mw-page-title-main">Bonefish Grill</span> American casual dining restaurant chain

Bonefish Grill is an American casual dining seafood restaurant chain owned and operated by Bloomin' Brands, headquartered in Tampa, Florida. The company was founded on January 15, 2000, in St. Petersburg, Florida by Tim Curci and Chris Parker.

Chris T. Sullivan is one of the founders of Outback Steakhouse and OSI Restaurant Partners, LLC. He also formerly held the titles of director and chairman. He is currently a board member at Bloomin' Brands.

Dave Deno was named Chief Executive Officer of Bloomin' Brands and a member of the Board of Directors in March 2019 after serving as the company's Chief Financial and Administrative Officer.

<span class="mw-page-title-main">Lee Roy Selmon's</span>

Lee Roy Selmon's was an American casual dining restaurant chain located and founded in Florida by former NFL player Lee Roy Selmon. The concept was owned by OSI Restaurant Partners, LLC until 2008 when it was sold to MVP Holdings Tampa, Inc. owned by Outback Steakhouse founders Robert D. "Bob" Basham and Chris T. Sullivan. Lee Roy Selmon continued to work with the company through its transfer of ownership until his death in 2011. There are three locations, all of which are located in west-central Florida. It was announced on May 23, 2018, that the original location will be closing after 17 years.

<span class="mw-page-title-main">Roy's</span>

Roy's is an upscale American restaurant that specializes in Hawaiian and Japanese fusion cuisine, with a focus on sushi, seafood and steak. The chain was founded by James Beard Foundation Award Winner Roy Yamaguchi in 1988 in Honolulu, Hawaii. The concept was well received among critics upon inception. The concept has grown to include 21 Roy's restaurants in the continental United States, six in Hawaii, one in Japan and one in Guam.

Hamburg Pavilion is a regional shopping center located along I-75 and Man o' War Boulevard in Lexington, Kentucky. It is one of the state's largest shopping centers with 1,040,000 square feet (97,000 m2) of retail space and is continuing to be developed. The shopping center is anchored by Target, Big Lots, PetSmart, Meijer, Kohl's, Dick's Sporting Goods, Staples, Regal Cinemas, Half Price Books, Barnes & Noble, At Home, Bed Bath & Beyond, Total Wine & More, Value City Furniture, Gordon Food Service (GFS), Cost Plus World Market, Buy Buy Baby, and Best Buy. It is part of the Hamburg Place development.

<span class="mw-page-title-main">Fleming's Prime Steakhouse & Wine Bar</span>

Fleming's Prime Steakhouse & Wine Bar is an American steakhouse restaurant chain owned and operated by Bloomin' Brands, headquartered in Tampa, Florida. In addition to steak and wine, they serve a variety of American cuisine associated with fine dining, such as calamari, chocolate desserts, crab, lobster, and other seasonal specials. The Fleming’s 100 is a brand trademark that consists of a collection of 100 wines available by the glass or bottle.

<span class="mw-page-title-main">Tim Gannon</span> American businessman and polo player

Tim Gannon is an American businessman and polo player.

Paul Martin Fleming is an American restaurateur. He has developed a number of restaurant chains, including P. F. Chang's China Bistro, Fleming's Prime Steakhouse & Wine Bar, Pei Wei Asian Diner, Z’Tejas Grills, and Paul Martin's American Grill.

<span class="mw-page-title-main">Starboard Value</span> American hedge fund

Starboard Value is an American hedge fund that was founded in 2002 by Jeffrey Smith and Mark Mitchell with Smith serving as CEO.

References

  1. ↑ "Bloomin' Brands". Fortune . Retrieved January 21, 2019.
  2. ↑ Ruggless, Ron (March 27, 2019). "Bloomin' Brands plans fast-casual Aussie Grill in Florida". Nation's Restaurant News . Retrieved May 13, 2019.
  3. ↑ Janet Adamy (November 7, 2006). "Outback Steakhouse Owner OSI Agrees to $3 Billion Buyout Deal". Wall Street Journal . Retrieved April 15, 2012.
  4. ↑ Ruggless, Ron (Mar 8, 2019). "Bloomin' names David Deno to succeed Liz Smith as CEO". Nations Restaurant News . Retrieved March 8, 2019.
  5. ↑ Keller, Amy (February 1, 2006). "Changes Bloomin'". Florida Trend . Retrieved May 13, 2019.
  6. ↑ Luna, Nancy (September 28, 2012). "Archive: Restaurant Closures in O.C." Orange County Register . Retrieved May 13, 2019.
  7. ↑ umeshell (2023-08-21). "Starboard Value acquires stake in Bloomin' Brands". Verdict Food Service. Retrieved 2023-08-21.
  8. ↑ "Inside the company, History" (PDF). OS Restaurant Partners, LLC. Archived from the original (PDF) on March 16, 2012. Retrieved April 14, 2012.
  9. ↑ "Blooming Brands Profile". Open Secrets. Retrieved 2020-05-23.
  10. ↑ "Disbursements". Federal Election Commission . February 10, 2018. Retrieved June 11, 2019.
  11. ↑ "Bloomin' Brands, Inc. Political Action Committee". Federal Election Commission . December 31, 2018. Retrieved June 11, 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.