Our Brands Applebee’s. Applebee’s Grill & Bar brings together a lively bar & grill experience offering hand-crafted drinks and craveable, simple, American food with flare featuring vibrant flavors and real, fresh ingredients. Chevys Fresh Mex. Panera Bread. Spuntino Wine Bar . Shannon Rose.
Dine Brands Global Inc. is a publicly traded food and beverage company based in Glendale, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including two restaurant concepts, Applebee’s Neighborhood Grill & Bar and International House of Pancakes (IHOP).
Out of this environment emerged three American casual dining giants: TGI Fridays ($PRIVATE:TGIFRIDAYS), owned by private investment firm Sentinel Capital Partners, Chili’s ($EAT), owned by Brinker International, and Applebee’s ($DIN), owned by Dine Brands Global.
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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.
Applebee’s will shut 135 locations. “The decline of these restaurants coincides with polarizing incomes in the United States,” said writer Elizabeth Dunn. “So, the higher wage earners earning more and more, the middle class getting smaller, and a lot of America feeling really squeezed.”
It’s not that it is bad for everyone. If you enjoy eating at Applebee’s then do so and feel no guilt. I dislike Applebee’s and most chain restaurants for two reasons. the food served is actually of a lower quality than a lot of fast foods and is prepared by reheating, microwaving and flash frying.
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The founders picked the name out of a phone book Founders Bill and T.J. Palmer looked for inspiration in a phone book and fell in love with the name “Appleby.” After finding there was already a copyright on the name , they changed it to ” Applebee’s .”
Applebee’s has taken a step back into restaurant ownership with the purchase of 69 locations from a North Carolina franchisee, marking the first company- owned restaurants in the Applebee’s system in three years.
Glendale, California, United States
Darden Restaurants, Inc. As of April 2017, the firm owns two fine dining restaurant chains: Eddie V’s Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden , LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar’s Scratch Kitchen.
The solid food choices and attractive meal and drink deals at Chili’s reigned supreme in the end. While my Chili’s meal cost just over $25, I spent nearly $60 at Applebee’s . With far more impressive portion sizes and overall better food, I ordered the same amount of food at Chili’s for just half the Applebee’s price.
Applebee’s The plan for 2019 is to cut at least another 20 locations. The idea is not to kill off Applebee’s entirely but to fine-tune it. There will be greater focus on off-premises catering, takeout and delivery services.