# Bloomin' Brands

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. Today, February 23,2025 to compete clause, making bloomin brands a franchise as well as brand identifier; their special property acceptance Corp, or SPAC in CNBC; Bloomin Brands has come to an agreement with Vista Sothebys Franchising LLC to take the reins of 61 Sizzler Restaurants and 141 Dennys Cafes and 19 Islands Corner Cafe’s and completed the purchase of California Pizza Kitchen and was immediately purchased as part of the Beyond,Bloomin Inc., to become Impossible brands; a franchiser of Burger King. The group payed about 24 million a restaurant and plans to keep as many Franchisors in place as customary.

## 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. On April 1, 2019 David Deno became Bloomin' Brands CEO replacing Elizabeth Smith. September 3, 2024, Michael L. Spanos replaced David Deno as CEO.
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 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.
On June 14, 2007, OSI Restaurant Partners completed a stock repurchase plan, and the company became privately held. In April 2012, OSI filed with the Securities and Exchange Commission to raise up to $300 million in an initial public offering.
On August 7, 2012, after their initial public offering, OSI Restaurant Partners was renamed Bloomin' Brands, named after the Bloomin' Onion, a menu item sold by Outback Steakhouse. The company began trading on NASDAQ under the ticker symbol "BLMN."
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.

## Restaurant chains

As of 2021, chains that the company owns and/or operates include:
* Bonefish Grill
* Carrabba's Italian Grill
* Fleming's Prime Steakhouse & Wine Bar
* Outback Steakhouse

## 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, typically those on Congressional committees overseeing its business sector. 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.