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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.
When will co-branded IHOP/Applebee’s restaurants be open in the U.S.? Per Nation’s Restaurant News , Dine Brands hopes to open the co-branded restaurants in the U.S. in the next 12 to 24 months.
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.
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.
On July 16, 2007, IHOP Corporation announced a plan to acquire the bar-and-grill chain Applebee's in an all-cash transaction, valued at approximately US$2.1 billion. [10] In the arrangement, Applebee's stock holders would receive $25.50 a share. [10] IHOP stated it would franchise most of Applebee's 500 company-owned facilities.
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. [4]
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 ...
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.