Dine Brands
| Company type | Public |
|---|---|
| Industry | Food and beverage |
| Founded | 1958 |
| Headquarters | Pasadena, California , United States |
Area served | United States |
| Products | Full-service dining establishments |
Dine Brands Global Inc. is a food and beverage corporation publicly listed and based in Pasadena, California. Originating in 1958 as IHOP, the company manages both franchised and corporate-operated full-service dining establishments under three distinct brands: Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
History
During the late 1950s, Al Lapin Jr. founded International Industries to serve as a holding entity for IHOP, which subsequently broadened its portfolio to include Orange Julius, Love's Wood Pit Barbecue, The Original House of Pies, Wil Wright's Ice Cream Shoppes, and Copper Penny Coffee Shops.
In 1976, International Industries changed its name to IHOP, Inc., while establishing IHOP Corporation to oversee IHOP, Love's, and OHOP (the latter eventually sold). In 1979, Wienerwald Holding took ownership of IHOP Corp but filed for bankruptcy in 1982, leading to the sale of IHOP to SVIDO in 1983.
By 1987, an investment consortium headed by Richard K. Herzer acquired IHOP, restoring American control. The company resumed public trading in 1991.
In 2007, IHOP Corp purchased Applebee's International for approximately $2.1 billion. Following this acquisition, IHOP Corporation adopted the name DineEquity Inc., aiming to franchise the majority of Applebee's 500 company-operated outlets and rejuvenate the brand.
The firm rebranded as Dine Brands Global in 2018 to signify a strategic emphasis on enhanced brand independence and responsibility.
As of December 31, 2019, Dine Brands managed a total of 3,628 restaurants: comprising 1,787 Applebee's and 1,841 IHOP locations. This count included 69 Applebee's outlets owned by the company directly, 161 IHOP area-licensed establishments, and 3,398 franchised units.
In December 2022, Dine Brands further diversified by acquiring Fuzzy's Taco Shop for $80 million in cash consideration, incorporating 138 restaurants across 18 states into its portfolio.