Bloomin' Brands

Bloomin' Brands, Inc.
Public
Traded as NASDAQ: BLMN
Industry Restaurant
Founded August 1988 (1988-08)
Tampa, Florida, U.S.
Founder Robert D. Basham
Chris T. Sullivan
Trudy Cooper
J. Timothy Gannon
Headquarters Tampa, Florida
Number of locations
 1,489 restaurants (2017)
Area served
 Worldwide
Key people
 Elizabeth A. Smith
(CEO / Chairman)
Jody Bilney
(CBO / Executive Vice President)
David Berg
(President[1])
David Deno, EVP & CFO
Revenue Decrease US$ 4.213 billion (2017)
Number of employees
 100,000 (2015)
Subsidiaries Outback Steakhouse
Carrabba's Italian Grill
Bonefish Grill
Fleming's Prime Steakhouse & Wine Bar
Website Bloomin' Brands
Footnotes / references
[2]

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

History

The company was founded in August 1988 as Multi-Venture Partners, Inc. in Florida by Tim Gannon, Bob Basham, 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.[2][3][4]

Restaurant chains

As of 2015, chains that the company owns and/or operates include:

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.[5]

Prior to the company becoming OSI Restaurant Partners, LLC, Outback Steakhouse Inc. operated the Paul Lee's Chinese Kitchen and Zazarac brands.[6][7]

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 to both conservative and liberal and Democrat and Republican candidates. Typically those on Congressional committees overseeing its business sector.[9] Bloomin' Brands, Inc. Political Action Committee is 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.[10]

See also

References

  1. ↑ Archived June 22, 2012, at the Wayback Machine.
  2. 1 2 3 Bloomin' Brands, Inc. (December 27, 2015). "FY 2015 10-K" (PDF). U.S. Securities and Exchange Commission. Retrieved June 12, 2016.
  3. ↑ Unknown (2001). "OSI Restaurant Partners, LLC". Hoovers. Retrieved August 31, 2012.
  4. ↑ Janet Adamy (November 7, 2006). "Outback Steakhouse Owner OSI Agrees to $3 Billion Buyout Deal". Wall Street Journal. Retrieved April 15, 2012.
  5. ↑ Luna, Nancy (July 7, 2009). "Fashion Island closures & openings". Orange County Register. Retrieved July 12, 2012.
  6. ↑ Howard Seftel (October 21, 2004). "Paul Lee's Chinese Kitchen". The Arizona Republic. Retrieved April 15, 2012.
  7. ↑ Chris Sherman (July 24, 2001). "Outback puts lid on Zazarac in Tampa". St. Petersburg Times. Retrieved April 15, 2012.
  8. ↑ "Inside the company, History" (PDF). OS Restaurant Partners, LLC. Archived from the original (PDF) on March 16, 2012. Retrieved April 14, 2012.
  9. ↑ https://www.fec.gov/data/disbursements/?committee_id=C00253153&two_year_transaction_period=2018&data_type=processed&min_date=01%2F01%2F2017&max_date=02%2F10%2F2018
  10. ↑ https://www.fec.gov/data/committee/C00253153/
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