RIO DE JANEIRO, BRAZIL - Manager Vinci Partners and fast-food chain Burger King have joined the race to purchase the Brazilian operations of Outback, an American restaurant chain inspired by Australian cuisine. The information is from sources in the newspaper Valor Econômico. According to Valor, the negotiations are still in their early stages.
It is worth noting that in December 2019 Bloomin' Brands, the brand controlling the Outback network, hired Bank of America Securities (BofA) to search for potentially interested parties and explore strategic options for the brand. At the time, the International Meal Company (IMC), owner of Roast . . .
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