August 22, 2017 8:24 AM ET

Hotels, Restaurants and Leisure

Company Overview of Applebee's International, Inc.

Company Overview

Applebee's International, Inc. develops, franchises, and operates a chain of casual-dining restaurants in the United States and internationally. Its menu includes beef, chicken, and pork items, as well as burgers, pastas and seafood, sandwiches, and other products. Applebee's International, Inc. was formerly known as Applebee's Neighborhood Grill & Bar. The company was founded in 1980 and is headquartered in Kansas City, Missouri. As of November 29, 2007, Applebee's International, Inc. operates as a subsidiary of DineEquity, Inc.

8140 Ward Parkway

Kansas City, MO 64114

United States

Founded in 1980

32,600 Employees

Phone:

913-890-0100

Fax:

913-341-1694

Key Executives for Applebee's International, Inc.

President
Age: 54
President of International Division
Age: 57
President of Chile Operations
Vice President of Design and Facilities
Vice President of Culinary & Menu Strategy and Executive Chef
Compensation as of Fiscal Year 2017.

Applebee's International, Inc. Key Developments

Applebee's and IHOP Will Open About 125 Restaurants

Applebee's and IHOP will open about 125 restaurants in new locations worldwide.

Applebee's Neighborhood Grill & Plans to Close 105 to 135 Locations; to Open 20 to 30 New Applebee's Globally

As part of its turn-around strategy, DineEquity Inc. plans to close even more Applebee's Neighborhood Grill & Bar and IHOP restaurants than it originally planned. It previously announced plans to close 40 to 60 Applebee's, but it now plans to close 105 to 135 locations. It also planned to close 18 IHOPs, but now it will close 20 to 25 locations. It also plans to open 20 to 30 new Applebee's globally and 80 to 95 IHOPs.

Sony Music Alleges in a Breach of Contract and Copyright Infringement Complaint Filed against Applebee's

Sony Music alleged in a breach of contract and copyright infringement complaint (in Pacer) filed against Applebee's. Applebee's ran the commercials to trumpet the chain's "transformation" through the addition of new menu items at its 2,000 U.S. restaurants, said the complaint, filed in U.S. District Court in Los Angeles. Despite Applebee's use of the recordings to its "great profit," the written licenses provided by Sony Music "have never been signed and returned to Sony Music and neither the agreed payments nor any portion thereof have ever been paid to Sony Music," said the complaint. Applebee's claim that the fees were properly paid to a "music clearance" company, Music Dealers, that acted as Sony Music's agent but since went out of business is "pure fiction," said the complaint.

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Recent Private Companies Transactions

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