Family Dining

Financing

Parent of Applebee's and IHOP expects widespread closings, except in its own chains

Dine Brands said the shutdowns should help both brands increase their market share.

Financing

Village Inn’s parent company is selling 34 restaurants to franchisees

American Blue Ribbon Holdings, which declared bankruptcy in January, is selling the restaurants in a pair of deals, citing “liquidity constraints.”

Dine Brands Global has hired a new president of international operations and named a new CIO.

The family chain is forgoing some royalty fees and helping on rent rollbacks to help operators get back on their feet.

The chain, which once had more than 1,100 units around the country, had long been criticized for its racist name and imagery.

A new menu, a test of alcoholic beverages, the expansion of Maple Street Biscuit Co. and the launch of a "digital store" are all moving forward.

The increased sales amount to about $900 a day. The added costs can run $500 to $1,000.

It projects that it could be in default on its financial covenants for the second quarter, but expects to have access to more funds next week.

The two are the latest big chains to try that form of to-go and delivered meals.

The family-dining chain has pared back and otherwise changed its menu.

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