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As for IHOP, Peyton sees the brand as a market leader with a track record of growth, noting that 46 new U.S. locations opened last year. Show comments. Advertisement. Advertisement.
In 1987, IHOP was purchased by a investment group led by Richard K. Herzer; returning IHOP's ownership by an American company. Four years later, the company went public for the first time since 1979. In 2007, IHOP Corp announced it would be acquiring Applebee's International for approximately $2.1 billion. [ 3 ]
JHVEPhoto/Shutterstock; Design: Eat This, Not That!Two major restaurant chains may soon come together as a joint restaurant concept. In a recent fourth-quarter earnings call, Dine Brands Inc., the ...
Standalone IHOP and Applebee’s locations will continue to play an important role in the company’s growth strategy. Per NBC News , Dine Brands will be opening 25 new restaurants with enhanced ...
IHOP Restaurants LLC (US: / ˈ aɪ. h ɒ p / EYE-hop; acronym for International House of Pancakes) is an American multinational pancake house restaurant chain that specializes in American breakfast foods. It is owned by Dine Brands—a company formed after IHOP's purchase of Applebee's, with 99% of the restaurants run by independent franchisees.
Dine Brands Global was formed as "DineEquity" in 2007, when Stewart led IHOP to take over the larger Applebee's for US$1.9 billion and debt. Prior to the takeover, Stewart had led IHOP through 18 consecutive quarters of growth, by moving over to a primarily franchise -driven business model.
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 company’s 10-K.
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.