Applebee’s
IHOP’s sister restaurant, Applebee’s also reported that it would be closing down numerous branches which were not earning them revenue. Currently, there are 1,830 Applebee’s restaurants withing America, Guam, Puerto Rico, as well as 15 other countries around the world. Many of the branches are franchised and just are 70 are company-owned. Applebee’s is an auxiliary company of DineEquity, which recently moved its headquarters to Glendale. The president, Steven Layt had reportedly refused to relocate and therefore resigned from Applebee’s leadership. The restaurant chain makes a profit of about $2.5 billion, its total assets total to $935 million and, it has 28,000 employees.
Applebee’s
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