"Tim Doherty, the franchisee responsible for this venture, cut a red and blue ribbon with a pair of giant scissors on Wednesday, in a ceremony which had the kind of excessive fanfare and hyperbole only small towns can produce."
"Doherty hailed the first Applebee's-Ihop dual brand east of the Mississippi, something he said was a really special thing, from which I only expect the greatest success."
"Dine Brands, the conglomerate that owns both restaurant chains, has seen its share price more than halve since 2021."
"While the industry is feasting, Applebee's and Ihop have had a tough time in recent years."
A new dual brand restaurant combining Applebee's and IHOP opened in Hawthorne, featuring a festive launch event. Franchisee Tim Doherty celebrated the first such location east of the Mississippi, surrounded by local dignitaries. Despite the fanfare, both brands have struggled in recent years, with Dine Brands' share price dropping significantly since 2021. Competitors like Chili's have thrived while Applebee's and IHOP face challenges in the casual dining market.
Read at www.theguardian.com
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