Bloomin' Brands, Inc. is a

restaurant A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearan ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

that owns several American

casual dining Restaurants fall into several industry classifications, based upon menu style, preparation methods and pricing, as well as the means by which the food is served to the customer. This article mainly describes the situation in the USA, while catego ...

restaurant chain A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many pa ...

s. The company was established in 1988 in

Tampa, Florida Tampa () is a city on the Gulf Coast of the United States, Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and ...

, where it is headquartered.

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 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 and South America, Asia, and Australia ...

was opened in

. 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 ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' reported on November 7, 2006, that

Bain Capital Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...

Catterton Partners L Catterton is a U.S.-headquartered private equity firm. Since 1989, the firm has made more than 250 investments in brands across all segments of the consumer industry. L Catterton is led by its co-Chief Executive Officers, J. Michael Chu and S ...

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 new CEO replacing Elizabeth Smith 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 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. ...

, Carrabba's, Fleming's and Zazarac brands. The company formerly held the

Cheeseburger in Paradise "Cheeseburger in Paradise" is a song written and performed by American popular music singer Jimmy Buffett. It appeared on his 1978 album ''Son of a Son of a Sailor'' and was released as a single, reaching No. 32 on the ''Billboard'' Hot 100. ...

and

Lee Roy Selmon's 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. own ...

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 Newport Beach is a coastal city in South Orange County, California. Newport Beach is known for swimming and sandy beaches. Newport Harbor once supported maritime industries however today, it is used mostly for recreation. Balboa Island, Newport ...

Orange County Orange County most commonly refers to: *Orange County, California, part of the Los Angeles metropolitan area Orange County may also refer to: U.S. counties *Orange County, Florida, containing Orlando *Orange County, Indiana *Orange County, New ...

, and a second in

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the List of United States cities by population, eigh ...

, until deciding to close in 2009.

Restaurant chains

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

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

only) *

Bonefish Grill 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. ...

Carrabba's Italian Grill Carrabba's Italian Grill (or simply Carrabba's) is an American restaurant chain featuring Italian-American cuisine. It is owned and operated by Bloomin' Brands, and headquartered in Tampa, Florida. History The chain was founded on December 26, ...

* Fleming's Prime Steakhouse & Wine Bar *

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 The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial ...

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.

References

External links

Official website
{{OSI Companies based in Tampa, Florida American companies established in 1988 Restaurants established in 1988 1988 establishments in Florida Restaurant groups in the United States Companies listed on the Nasdaq 2012 initial public offerings Australian-themed retailers