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Bloomin' Brands

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flickr: Mike Mozart

Activist Pushes Outback to Sell or Spinoff Other Brands

Activist investor Barington Capital Group, L.P. has pushed Bloomin’ Brands for change before. Back in February, the company sent a letter to Bloomin’s chairman and chief executive officer, Liz Smith, along with a detailed presentation that outlined how Barington felt Bloomin’ could improve shareholder value and the performance of its casual brands, Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s.

Data, Design, and Delivery Drive Continued Momentum for Bloomin’ Brands

The first quarter of 2018 marked the fifth consecutive quarter of continued momentum for Tampa-based Bloomin’ Brands, said CEO Liz Smith during an April 26 earnings call. The parent company of Outback, Carabba’s Italian Grill, Fleming’s Prime Steakhouse and Wine, and Bonefish Grill said the tactics of its growth strategy are paying off.

Bloomin' Brands Names Ramin Eivaz to Newly Created Analytics Role

Bloomin' Brands, Inc. announced that Ramin Eivaz joined the company as senior vice president of Digital Marketing, Analytics & CRM. This newly created position will lead a team that will integrate brand marketing and digital analytics for an enhanced customer experience.

Activist Targets Outback Steakhouse. Is a Sale Next?

Shares of Bloomin’ Brands skyrocketed more than 12 percent Monday afternoon when activist hedge fund Jana Partners announced an 8.7 percent stake in the casual dining company. Notably, the fund revealed in a securities filling under “Purpose of Transaction” that, with the assistance of the other reporting persons, it intends to have discussions with Bloomin’s board of directors and management regarding topics, including “a review of strategic alternatives including exploring a sale” of the company.

Bloomin’ Brands Lays Off 55 Amid Sales Struggles

Bloomin’ Brands confirmed to the Tampa Bay Business Journal that it laid off 55 employees on Wednesday. The casual dining parent, which operates Outback Steakhouse, Bonefish Grill, Fleming’s Prime Steakhouse, and Carrabba’s Italian Grill, told the publication the layoffs affected different levels of the company, and that Bloomin’ planned to support the employees in their transition with severance packages.

Best Buy Exec Joins Bloomin' Brands' Board of Directors

The Board of Directors of Bloomin' Brands, Inc. elected Mike Mohan as a director of the company effective October 20. Mohan will also serve on the Compensation Committee. With this appointment the board is comprised of eight members, six of whom are independent.

Bloomin' Brands to Shutter 43 Restaurants

Bloomin' Brands, Inc. reported results for the fourth quarter and fiscal year ended December 25, 2016 compared to the fourth quarter and fiscal year ended December 27, 2015.Highlights for Q4 2016 include the following:Repurchased 1.

Dine Rewards Loyalty Program Launches Nationwide at Bloomin' Brands

Bloomin' Brands, Inc. officially launched Dine Rewards on Tuesday, the first nationwide loyalty program in casual dining to offer rewards across multiple restaurant concepts. After just three visits to Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, or Fleming's Prime Steakhouse & Wine Bar, guests can earn 50 percent off on their fourth visit.

Bloomin' Brands Plans to Close 14 Bonefish Locations

Bloomin' Brands, Inc. reported results for the fourth quarter and fiscal year ended December 27, 2015 compared to the fourth quarter and fiscal year ended December 28, 201.Key highlights for Q4 2015 include the following:Adjusted restaurant margin was 16.

FSR 50: Top 10 Groups

This is the powerhouse list of groups that own and operate the industry’s highest-performing full-service chains. Ranked based on the group’s 2014 U.S. sales, each parent company owns at least two chains and more than 40 brands are represented in this who’s who of chain operators.

Bloomin' Brands Appoints Chief Information Officer

Bloomin' Brands, Inc. announced the appointment of Donagh Herlihy as executive vice president digital and chief information officer.  Herlihy joins the company from Avon, where he led eCommerce and global information technology strategy and operations.