Who owns Applebee's now?
2007–present: Acquisition by IHOP
On July 16, 2007, IHOP Corp. announced that it agreed to buy Applebee's International for about $2.1 billion. Applebee's shareholders would receive $25.50 in cash per share, representing a 4.6% premium to the closing price on July 13, 2007.
2007–present: Acquisition by IHOP
On July 16, 2007, IHOP Corp. announced that it agreed to buy Applebee's International for about $2.1 billion. Applebee's shareholders would receive $25.50 in cash per share, representing a 4.6% premium to the closing price on July 13, 2007.
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. Dine Brands Global Inc.
Stewart, chairman and CEO of the restaurant company formerly known as IHOP. DineEquity has acquired and integrated Applebee's International in the past year and a half and is now in the process of transitioning to a franchise model.
The brands face stagnant or slumping sales and shifts in consumers' dining habits. They include not only Chili's, a division of Brinker International Inc., but also DineEquity Inc., which owns Applebee's and IHOP, BJ's Restaurants Inc.
(NYSE: IHP) and Applebee's International, Inc. (NASDAQ: APPB), today jointly announced a definitive agreement under which IHOP Corp. (“IHOP”) will acquire Applebee's International, Inc. (“Applebee's”) for $25.50 per share in cash, representing a total transaction value of approximately $2.1 billion.
The original Applebee's, which was named T.J. Applebee's Rx for Edibles & Elixirs, opened in Atlanta in 1980. The founders of the original restaurant, including Bill and T.J. Palmer, wanted to name the restaurant Appleby's, but that spelling had already been registered.
Bloomin' is home to such notable dining establishments as its flagship Outback Steakhouse brand, the upscale steak purveyors at Fleming's, and the Italian food chefs at Carrabba's. Darden counts Red Lobster, Longhorn Steakhouse and the Olive Garden among its stable of food houses.
IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN).
Applebee's will close more restaurants than initially expected this year, complicating its long-running plans to return to net new unit growth. The 1,661-unit franchisor now expects to finish 2023 with 25 to 35 net fewer U.S. restaurants, compared to the previously forecasted 10 to 20.
Where is the original Applebee's?
SSCP Management, Inc., through its Apple Texas and Apple Cal entities, owns and operates 75 Applebee's (62 in Texas and 13 in Northern California).
U.S.-based casual dining restaurant chain Applebee's reported sales amounting to 4.24 billion U.S. dollars from its franchise restaurants in the United States during the 2022 financial year. Applebee's is a subsidiary of the full-service dining company Dine Brands Global.
Darden SW LLC, a Florida limited liability company, the sole member of which is GMRI, Inc., doing business as Red Lobster and Olive Garden. Florida SE, Inc., a Florida corporation and direct wholly owned subsidiary of GMRI, Inc., doing business as Red Lobster, Olive Garden, Bahama Breeze and Seasons 52.
All Subway stores are franchised. The company itself does not own any Subway restaurants. McDonald's owns about 20% of its restaurants, with the remaining 80% owned and operated by independent franchisees.
About Maggiano's Little Italy ®
Maggiano's is owned and operated by Brinker International, Inc. (NYSE: EAT), one of the world's leading casual dining restaurant companies, serving more than one million guests daily.
In an interview with IHOP President, Darren Rebelez, stated that the reason for the name change was that they didn't put enough emphasis on the lunch and dinner crowd, and apparently they're ready to. So they wanted to get our attention. And surely, it worked. On Monday, July 16, IHOB changed their name back to IHOP.
Yup, that's a pancake. In the middle of a burger. Last year, IHOP caused an uproar throughout the social media world after it very briefly changed its name to IHOb ...
IHOP flipped the "P" in its name to become IHOb, the International House of Burgers. The stunt was just an attempt to let people know they had burgers and not just pancakes. It didn't take long for IHOb to go back to IHOP.
Now, Applebee's is being boycotted after a major New York area Applebee's franchise owner Zane Tankel threatened a hiring freeze and possible layoffs as a result of the president's healthcare plan. Twitter immediately erupted with calls for a boycott.
Where is the largest Applebee's?
Applebee's Grill + Bar - Midtown
Located in the middle of the Theatre District, this three-story Applebee's is the largest in the world.
David M. Overton, the company's founder, opened the first Cheesecake Factory restaurant in Beverly Hills, California, in 1978. The restaurant established the future chain's pattern of featuring an eclectic menu, large portions, and signature cheesecakes.
Inspire Brands LLC is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins restaurant chains.
The Adil Group is now managed by Raja Adil, who is the Group's CEO. Under Raja's leadership, we have diversified the business into a number of areas whilst remaining within the same sector. These include, KFC, Burger King, Costa and now Taco Bell and Anytime Fitness.
