Dine Brands Global Inc. is a publicly traded
food and beverage
The foodservice (US English) or catering (British English) industry includes the businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many ...
company based in
Glendale, California
Glendale is a city in the San Fernando Valley and Verdugo Mountains regions of Los Angeles County, California, Los Angeles County, California, United States. At the 2020 United States Census, 2020 U.S. Census the population was 196,543, up from ...
. 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).
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
Orange Julius is an American chain of fruit drink beverage stores. It has been in business since the late 1920s and is noted for a particular drink, also called an Orange Julius. The beverage is a mixture of ice, orange juice, sweetener, milk, p ...
, 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).
In 1979, it was purchased by Wienerwald Holding, the owners of
Wienerwald and
Lum's
Lum's was an American family restaurant chain based in Florida with additional locations in several states. It was founded in 1956 in Miami Beach, Florida, by Stuart and Clifford S. Perlman when they purchased Lum's hot dog stand for $10,000. ...
chains.
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.
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.
In 2018, it was renamed to Dine Brands Global.
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.
In December 2022, they acquired Fuzzy's Taco Shop for $80 million in cash, adding 138 restaurants in 18 states.
References
External links
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Companies listed on the New York Stock Exchange
Multinational food companies
Restaurant groups in the United States
Food and drink companies of the United States
Companies based in Glendale, California
1958 establishments in California
Food and drink companies established in 1958
American companies established in 1958