DineEquity
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DineEquity
Dine Brands Global Inc.
Formerly called
IHOP Corporation
(1976-2008)
DineEquity Inc.
(2008-2018)
Public
Traded as NYSEDIN
S&P 600 Component
Industry Restaurants
Genre Casual dining
Founded 1976; 42 years ago (1976)
Headquarters Glendale, California, U.S.
Number of locations
3,716 in 20 countries (2015)[1]
Area served
Worldwide
Key people
Stephen P. Joyce (CEO)
Darren Rebelez, President IHOP
John Cywinski, President Applebee's[2]
Revenue Decrease US$681.1 million[1]
Number of employees
200,000 (including franchisee-and company-operated restaurant employees)
Subsidiaries IHOP
Applebee's
Website dinebrands.com

Dine Brands Global Inc, formerly DineEquity Inc., and before that IHOP Corporation, is an American company that franchises and operates IHOP and Applebee's restaurants. The company is headquartered in Glendale, California.

History

The company was founded in 1976 as IHOP until after it acquired Applebee's when it changed its corporate identity.[3] IHOP Corporation announced on July 16, 2007 that it intended to acquire the bar-and-grill chain Applebee's International, Inc. in an all-cash transaction that was valued at approximately US$2.1 billion. Under the deal, IHOP paid $25.50 per share for Applebee's. IHOP stated it would franchise most of Applebee's 500 company-owned stores. In 2015, Applebee's had 2,033 restaurants worldwide, all operated by franchisees.[1][4]

Julia Stewart, who originally worked as a waitress at IHOP and worked her way up through the restaurant industry, became Chief Executive Officer of IHOb Corporation. She had previously been President of Applebee's but left after being overlooked for that company's CEO position. She became CEO of IHOP in 2001 and returned to manage her old company due to the acquisition. She was fired in March 2017.[5]

With a larger than 70% vote, Applebee's stockholders approved the takeover, which closed on November 29, 2007. A number of executives from Applebee's voted against the offer. The chain's largest individual shareholder, Applebee's director Burton "Skip" Sack, believed the purchasing price was unfair to the shareholders and planned to take IHOP to court. As part of the purchase, a brand re-marketing scheme and revitalization of the Applebee's image was undertaken.[6]

Transgender controversy

On May 21, 2018, members of the Transgender Education Network of Texas and the Transgender Law Center were "denied service" at the Elliston Place IHOP in Nashville, Tennessee.[7][8] The IHOP issued an apology.[7][8]

See also

References

  1. ^ a b c "2015 DineEquity Annual Report" (PDF). Retrieved 2017. 
  2. ^ "Management Biographies". DineEquity, Inc. Retrieved 2013. 
  3. ^ "DIN Profile - DineEquity, Inc Stock - Yahoo Finance". finance.yahoo.com. Retrieved 2017. 
  4. ^ Tong, Vinnee (16 July 2007). "IHOP to Buy Applebee's for About $1.9B". Associated Press. Archived from the original on 2007-08-19. Retrieved 2013. 
  5. ^ News, A. B. C. (9 February 2009). "From the Kitchen to the Boardroom". ABC News. Retrieved 2017. 
  6. ^ Adamy, Janet (October 31, 2007). "IHOP's Tall Order: Reviving Applebee's". The Wall Street Journal. 
  7. ^ a b McGauthy, Lauren (May 22, 2018). "Transgender activists say they were gawked at, denied service at Nashville IHOP". Dallas News. Retrieved 2018. 
  8. ^ a b Allison, Natalie (May 22, 2018). "Transgender activists with service dog say they were denied service at Nashville IHOP". The Tennessean. Retrieved 2018. 

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

DineEquity
 



 

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