Activist investor renews call for changes at Outback Steakhouse parent company
Barington Capital Group L.P. wants Tampa restaurant operator Bloomin’ Brands Inc. to spin off or sell three of its restaurant brands and leave Outback Steakhouse to operate independently.
Barington, an activist investment firm in New York, is concerned about what it says is a sustained period of underperformance at Bloomin’ Brands under Elizabeth Smith, chairman and CEO.
Bloomin’ is making great progress in elevating the customer experience, and has posted increases in sales and market share over the last three quarters, Smith said in a news release. The company has taken action to cut overhead and reinvest the savings to improve its digital and IT infrastructure, as well as enhance its growing off-premise business, she said.
Ten local nonprofits to take the stage for Thursday’s SVP Fast Pitch
Pitch competitions are a staple of the startup world. Accelerators across the country prepare entrepreneurs to take the stage and share their ideas – in three minutes or less – with a room full of captivated community members, mentors and possible investors.
But what might a pitch night look like if the startups were replaced with nonprofits? What if, instead of relying grant funding with its many strings attached, nonprofits functioned more like startups? What if, for six weeks (and hopefully beyond) nonprofits laid archaic bureaucracies and practices to the wayside and did something different, something nimble.
In its second year, Social Venture Partners Tampa Bay Fast Pitch seeks to help nonprofits do just that. After six weeks of accelerated training and refinement, 10 organizations will present their social enterprise ideas at the Palladium in St. Petersburg Thursday night.
Publix promotions have a digital focus, and other Tampa Bay business news briefs
Publix Super Markets Inc. has given Laurie Douglas, senior vice president and chief information officer, additional responsibilities as chief digital officer.
University of South Florida, Eckerd College and University of Tampa are among the top 500 colleges and universities in the nation, according to a new report from WalletHub.
Dr. Rich Castellano, a Tampa surgeon, is at the forefront of a nationwide medical training movement focused on physician mental health.
Esteban Valdez (Echo Bridge)
Esteban Valdez is the creative mind of Echo-Bridge, an award-winning animation studio based in St. Petersburg. As the owner and director/producer, he oversees film, television and animation projects.
Catalyst profile: Stephanie Gularte of American Stage
The 47-year-old Gularte, who joined American Stage at the tail end of 2014, inherited an organization that was financially solvent, more or less, but was having difficulty getting to the next level, creatively. After 40 years, perhaps understandably, a certain amount of programming complacency had set in.
ACUMEN: Ripples of #MeToo