S&P 600 Component
|Headquarters||Glendale, California, U.S.|
Number of locations
|3,716 in 20 countries (2015)|
Stephen P. Joyce (CEO) |
Darren Rebelez, President IHOP
John Cywinski, President Applebee's
Number of employees
|200,000 (including franchisee-and company-operated restaurant employees)|
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.
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. The transaction was led by Julia Stewart, who had left Applebee's to become IHOP's CEO in 2001.
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.
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. The IHOP issued an apology.