Bloomin’ Brands Inc. has made an agreement to sell its Roy’s brand to a Dallas-based Applebee’s franchisee, the Tampa, Fla.-based casual-dining operator said Friday. Terms of the deal were not disclosed.
The agreement came just a month after Bloomin’ Brands said it planned to sell 29-unit Roy’s after deciding the concept would perform better outside Bloomin’ Brands’ portfolio. The deal is expected to close in the next 30 to 60 days. Bloomin’ Brands officials would not comment on