Applebee's parent is in talks to refranchise 86 eateries

09/29/2010 | Wall Street Journal, The

DineEquity has drafted preliminary deals to franchise 86 company-owned Applebee's restaurants in the St. Louis, Virginia and Washington, D.C., markets. The latest deals continue the parent company's plan to sell restaurants to franchisees to pay down debt. The company, which also owns IHOP, has refranchised 110 locations since acquiring the chain in 2007, and a deal to sell 63 additional units is expected to close later this year.

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