DineEquity
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DineEquity
Dine Brands Global Inc.
Formerly
IHOP Corporation
(1976-2008)
DineEquity Inc.
(2008-2018)
Public
Traded asNYSEDIN
S&P 600 Component
IndustryRestaurants
GenreCasual dining
Founded1976; 42 years ago (1976)
Headquarters,
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]
RevenueDecrease US$681.1 million[1]
Number of employees
200,000 (including franchisee-and company-operated restaurant employees)
SubsidiariesIHOP
Applebee's
Websitedinebrands.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

On July 16, 2007, IHOP announced its intent to acquire Applebee's for $25.50 per share, with an all-cash valuation of approximately $2.1 billion.[3] The transaction was led by Julia Stewart, who had left Applebee's to become IHOP's CEO in 2001.[4]

The sale was completed November 29, 2007, with the combined company becoming known as DineEquity. 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. IHOP stated it would franchise most of Applebee's 500 company-owned locations, and undertake a plan to revitalize the chain's brand and concept.[1][5]

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.[6][7] The IHOP issued an apology.[6][7]

See also

References

  1. ^ a b c "2015 DineEquity Annual Report" (PDF). Retrieved 2017.
  2. ^ "Management Biographies". DineEquity, Inc. Retrieved 2013.
  3. ^ 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.
  4. ^ News, A. B. C. (9 February 2009). "From the Kitchen to the Boardroom". ABC News. Retrieved 2017.
  5. ^ Adamy, Janet (October 31, 2007). "IHOP's Tall Order: Reviving Applebee's". The Wall Street Journal.
  6. ^ a b McGauthy, Lauren (May 22, 2018). "Transgender activists say they were gawked at, denied service at Nashville IHOP". Dallas News. Retrieved 2018.
  7. ^ 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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