Dine Brands

Last updated
Dine Brands Global Inc.
FormerlyInternational Industries
(1960–1976)
IHOP Corporation
(1976–2008)
DineEquity Inc.
(2008–2018)
Type Public
NYSE:  DIN
S&P 600 component
IndustryRestaurants
Genre Casual dining
Founded1958;65 years ago (1958)
Headquarters
Pasadena, CA
Kansas City, MO
,
U.S.
Number of locations
3,500 (June 30, 2023) [1]
Area served
Worldwide
Key people
John Peyton (CEO)
Jay Johns, President IHOP
Tony Moralejo, President Applebee's
Paul Damico, President Fuzzy's Taco Shop
RevenueIncrease2.svg US$910.2 million (2019) [1]
Number of employees
621 (2023) [1]
Subsidiaries IHOP
Applebee's
Fuzzy's Taco Shop
Website dinebrands.com

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.

Contents

History

In the late 1950s, Al Lapin Jr. formed a new holding company for the International House of Pancakes chain called International Industries. Eventually the holding company consisted of International House of Pancakes, Orange Julius, Love's Wood Pit Barbecue, Golden Cup Coffee Shops, The Original House of Pies, Wil Wright's Ice Cream Shoppes, and Copper Penny Coffee Shops.

In 1976, International Industries was renamed to IHOP, Inc; and IHOP Corporation was founded as a new holding firm for IHOP, Love's, and OHOP (which was later sold shortly after). [2] In 1979, it was purchased by Wienerwald Holding, the owners of Wienerwald and Lum's chains. [2] Who later declared bankruptcy, and sold IHOP Corp to SVIDO in 1983; who hadn't been involved in the restaurant business prior.

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] 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]

In 2018, it was renamed to Dine Brands Global. Dine Brands Global's focus is to passionately nurture and grow the world's favorite restaurant brands.

As of December 31, 2019, Dine Brands had 3,628 restaurants including 1,787 Applebee's and 1,841 IHOP restaurants, including 69 Applebee's that are company owned, 161 IHOP restaurants that are owned by area licensees and 3,398 franchised restaurants including 1,718 Applebee's and 1,680 IHOP restaurants. [1] [5]

In December 2022, they acquired Fuzzy's Taco Shop for $80 million in cash, adding 138 restaurants in 18 states. [6]

Related Research Articles

<span class="mw-page-title-main">Long John Silver's</span> Restaurant chain

Long John Silver's is an American chain of fast-food restaurants that specializes in seafood. The brand's name is derived from the novel Treasure Island by Robert Louis Stevenson, in which the pirate Long John Silver is one of the main characters.

<span class="mw-page-title-main">Yum! Brands</span> American multinational fast food corporation

Yum! Brands, Inc., formerly Tricon Global Restaurants, Inc., is an American multinational fast food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Yum! previously also owned Long John Silver's and A&W Restaurants. The company was created as a spin-off of PepsiCo in 1997.

<span class="mw-page-title-main">Applebee's</span> North American casual dining chain

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, pasta, burgers, and "riblets".

<span class="mw-page-title-main">Village Inn</span>

Village Inn is a casual-dining restaurant chain in the United States. Its restaurants are known for their breakfast menu items. Also, they feature a variety of salads, sandwiches, burgers, melts, and dinner items. Their pies have won numerous awards from the American Pie Council.

Buffalo Wild Wings is an American casual dining restaurant and sports bar franchise in the United States, India, Mexico, Panama, Philippines, Saudi Arabia, and United Arab Emirates which specializes in Buffalo wings and sauces.

<span class="mw-page-title-main">Restaurant Brands</span> New Zealand fast food company

Restaurant Brands New Zealand Limited, trading as Restaurant Brands, is a New Zealand fast food company. Restaurant Brands currently operates and owns the master franchising rights for the Carl's Jr., KFC, Pizza Hut, and Taco Bell brands in New Zealand. Restaurant Brands operates most of New Zealand's stores for the brands they own rights to and provides management and support services to New Zealand's independent franchisees of the remaining stores.

<span class="mw-page-title-main">AmRest</span> European restaurant operator

AmRest is a European multinational casual dining, fast-food restaurant and coffee shop operator headquartered in the Spanish capital, Madrid . The company runs more than 2300 locations, mostly franchises of KFC, Pizza Hut and Starbucks, and also Burger King until 2022, but also operates its own brands of restaurants. Apart from Spain, AmRest operates in Bulgaria, China, Croatia, Czech Republic, France, Germany, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, and others.

Julia A. Stewart is an American businesswoman and former chief executive of Dine Brands Global, America's largest casual dining company. As of June 2019, Stewart serves as an independent director on the board of Avery Dennison.

Kahala Brands is a wholly owned subsidiary of Canada-based MTY Food Group Inc. of Montreal, Quebec. Based in Scottsdale, Arizona, Kahala is one of North America's largest holding company of franchise fast food restaurant companies. In May 2016, the publicly traded Canadian MTY Food Group announced a friendly takeover deal with the Kahala Brands. MTY agreed to pay about US$300 million to acquire Kahala. The two companies generated near $2 billion in revenues in the previous year. Jeff Smit was chosen to lead the US operations of MTY.

<span class="mw-page-title-main">IHOP</span> American restaurant chain

IHOP is an American multinational pancake house restaurant chain that specializes in American breakfast foods. It is owned by Dine Brands Global—a company formed after IHOP's purchase of Applebee's, with 99% of the restaurants run by independent franchisees.

<span class="mw-page-title-main">MTY Food Group</span> Canadian restaurant franchisor and operator

MTY Food Group is a Canadian franchisor and operator of numerous casual dining, fast casual, and quick service restaurants operating under more than 70 brand names, some of them through wholly owned subsidiaries. Headquartered in the Montreal borough of Saint-Laurent, Quebec, the number of outlets carrying MTY brands reached 5,500 in 2017. Stanley Ma is the group founder, President and CEO. MTY Food Group's brands include Thaï Express, Country Style, Groupe Valentine, Vanelli's, Extreme Pita, Cultures, La Crémière, Sushi Shop, Veggirama, Caferama, O'burger, Tiki Ming, Vie & Nam, Au Vieux Duluth Express, FranxSupreme, ChicknChick, Croissant Plus, Koya Japan, Kim Chi, Panini, Tandori, Tutti Frutti, Villa Madina Mediterranean Cuisine, Sukiyaki, Taco Time, Yogen Früz, and the Canadian branch of TCBY.

The Original House of Pies is an American restaurant chain, started c. 1969 by Al Lapin Jr., an early franchise system designer and founder of International Industries Inc. who was also responsible for International House of Pancakes, Copper Penny Coffee Shops, Orange Julius, and others.

Jollibee Foods Corporation is a Philippine multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.

<span class="mw-page-title-main">Kout Food Group</span> Kuwaiti-based conglomerate

Kout Food Group K.S.C.C. is a Kuwaiti-based conglomerate, founded in 1982, operating in Kuwait, Jordan, Lebanon, Morocco, Qatar, Kurdistan-Iraq, and the United Arab Emirates, and formerly in the United Kingdom. The business also offer catering services, import and export of food related items, representation of foreign companies as well as advising others in such businesses.

<span class="mw-page-title-main">Fuzzy's Taco Shop</span> US fast food chain

Fuzzy's Taco Shop is an American fast casual restaurant chain specializing in Baja-style Mexican cuisine. Serving breakfast, lunch and dinner, Fuzzy's operates more than 150 locations in 17 states.

Fiesta Restaurant Group is a Dallas, Texas-based restaurant chain, primarily owning Pollo Tropical locations in Florida. After spinning off of Carrols Restaurant Group in 2012, it is now traded on NASDAQ as FRGI.

References

  1. 1 2 3 4 "Dine Brands Global Annual Report". SEC . February 24, 2020. Retrieved March 20, 2020.
  2. 1 2 "The IHOP : Chain Goes Flat Out to Prove That It Serves More Than Just Pancakes". Los Angeles Times. 1986-08-05. Archived from the original on 2019-07-05. Retrieved 2021-01-01.
  3. ↑ "IHOP to acquire Applebee's for $1.9 billion". NBC News . July 16, 2007. Retrieved July 12, 2019.
  4. ↑ Adamy, Janet (October 31, 2007). "IHOP's Tall Order: Reviving Applebee's". The Wall Street Journal . Retrieved July 12, 2019.
  5. ↑ Telesca, Jenna (February 22, 2019). "Dine Brands looks to acquire a regional chain". Nations Restaurant News . Retrieved March 4, 2019.
  6. ↑ O'Donnell, Paul; News • •, the Dallas Morning. "Fuzzy's Taco Shop Sells for $80 Million to Parent Company of Applebee's and IHOP". NBC 5 Dallas-Fort Worth. Retrieved 2022-12-07.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.