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DineEquity Inc Announces Completion Of Applebee's Restaurant Refranchising Program

Thursday, 4 Oct 2012 07:00pm EDT 

DineEquity Inc announced that it has completed the refranchising program initiated in 2008, successfully transitioning to a 99% franchised restaurant system. With the closure of the deal to refranchise 39 Applebee's company-operated restaurants in Virginia to Potomac Family Dining Group, LLC, DineEquity has completed its refranchising initiative, which has resulted in the sale of 479 restaurants since its acquisition of Applebee’s International, Inc. in November 2007. 

Company Quote

-0.44 -0.56%
10 Jul 2014