Who Owns IHOP and Applebee's? A Tale of Two Brands
Hello there, food enthusiasts! Today, we're going to delve into the world of pancakes and neon lights to answer a question that's been on many a curious mind: Who owns IHOP and Applebee's? So, grab a cup of coffee, get comfortable, and let's dive right in! Guys, explore more in Guides And Explainers and who owns ihop and applebee's.
IHOP: A Household Name in Breakfast
International House of Pancakes, better known as IHOP, has been a beloved breakfast spot for generations. Founded in 1958 by Jerry Lapin, Al Lapin, and Albert Kallis, IHOP started as a single pancake house in Toluca Lake, California. The trio wanted to create a family-friendly restaurant that served affordable, high-quality breakfast food 24/7.
Over the years, IHOP has expanded its menu to include a variety of dishes, but it's their signature pancakes that keep customers coming back. From classic buttermilk to creative flavors like red velvet and funnel cake, IHOP's pancakes are a fan favorite. But who's behind this iconic brand now?
DineEquity: The Former Owner
Until 2018, DineEquity was the proud parent company of IHOP. DineEquity, which also owned Applebee's, acquired IHOP in 2007. However, in 2018, DineEquity split into two separate companies: IHOP and Applebee's. So, while DineEquity was the former owner of IHOP, it's no longer the case.
Today's Owner: IHOP
As of 2018, IHOP is its own independent company. It's a subsidiary of Dine Brands Global, which also owns Applebee's. Dine Brands Global was formed after the split from DineEquity, and it's currently led by CEO Stephen Joyce.
Applebee's: A Neighborhood Grill & Bar
Applebee's is another well-known restaurant chain, but unlike IHOP, it's known for its lunch and dinner offerings. Founded in 1980 by Bill and T. J. Palmer, Applebee's started as a single restaurant in Decatur, Georgia. The Palmers wanted to create a casual dining experience that combined the best of local and regional flavors.
Today, Applebee's is famous for its signature dishes like the Oriental Chicken Salad, the 2 for $20 deal, and its extensive bar menu. But who's been steering this ship since its inception?
Wendy's International: The Early Years
In the late 1980s, Wendy's International acquired Applebee's. Wendy's, known for its square hamburgers and Frosty desserts, saw the potential in Applebee's neighborhood grill concept. Under Wendy's ownership, Applebee's expanded rapidly, growing from a regional chain to a national one.
IHOP: The Newest Parent
As we mentioned earlier, DineEquity, which owned IHOP, acquired Applebee's in 2007. This marked a significant change in Applebee's ownership history. However, when DineEquity split in 2018, Applebee's became a subsidiary of Dine Brands Global, the same company that owns IHOP.
The Connection: Dine Brands Global
So, while IHOP and Applebee's have different founders and unique histories, they share a common parent company today: Dine Brands Global. This means that, as of 2018, the same company owns both IHOP and Applebee's.
Final Thoughts
There you have it, folks! We've explored the ownership journey of IHOP and Applebee's, from their humble beginnings to their current status as beloved restaurant chains. While their paths to the top were different, both brands have left their mark on the food industry and continue to serve millions of customers every year.
Next time you're enjoying a stack of pancakes at IHOP or sipping on a cocktail at Applebee's, remember the stories behind these iconic brands. And who knows? Maybe you'll appreciate your meal just a little bit more.
Happy dining, everyone!