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Applebee's Restaurants LLC. is an American company that develops, franchises, and operates the Applebee's Neighborhood Grill + Bar restaurant chain. The Applebee's concept focuses on casual dining , with mainstream American dishes such as salads, chicken, burgers, and " riblets " (Applebee's signature dish).
In 2007, IHOP Corp announced it would be acquiring Applebee's International for approximately $2.1 billion. [3] Following the closing, IHOP Corporation was renamed to DineEquity Inc.; and subsequently announced it would franchise most of Applebee's 500 company-owned locations, and undertake a plan to revitalize the chain's brand and concept. [4]
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. [1] Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company. [2]
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 ...
Its mouthful of a name, T.J. Applebee's Rx for Edibles & Elixirs, has thankfully since been shortened. Now owned by Dine Brands Global—which also owns IHOP—the chain operates over 1,500 ...
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]
The CEO of Dine Brands — which owns Applebee's and IHOP — is tired of reports that millennials are killing sit-down, casual, and family dining chains.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices.It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average).