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In 1988, Applebee's International, Inc., became the restaurant chain's franchiser when Kansas City franchisees Abe Gustin and John Hamra purchased the rights to the Applebee's concept from W. R. Grace. [9] In 1989, Applebee's opened their 100th restaurant in Nashville, Tennessee. [10]
Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
Applebee’s is shrinking. While Dine Brands added a net 33 IHOP restaurants domestically in 2023, the company closed 46 Applebee’s locations and only opened 10 new ones, according to the ...
Applebees was initially wary of the Flynn Group controlling too many franchises and entered an agreement which limited the Group to 11% of franchises. In 2007, Applebees, then under new ownership, lifted the restriction and sold the Group a number of company owned stores. The Group expanded its Applebees holdings during the Great Recession. [2]
Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. ... Chili’s, which is owned by Brinker International, ...
Applebee’s same-store sales fell nearly 6% in the third quarter, while IHOP’s slumped 2.1%. ... but the company has some experience dealing with this in its international dual-branded ...
Applebee’s boasts more than 1,500 locations across the country. “Our goal is to return to net unit growth in the coming years with a new value engineered prototype and a continued focus on ...
Stephen P. Joyce (born c. 1961) is an American businessman. He was the chief executive officer of Dine Brands Global, the operator of IHOP and Applebee's franchises. He is CEO of Re/Max International.
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