Up to 160 restaurants are closing

The company that owns IHOP and Applebee's has announced some changes are on the way for the popular restaurants. 

As many as 160 restaurants are closing across the country before the end of the year.  That includes up to 135 Applebee's and as many as 25 IHOP locations.  

A spokesperson for DineEquity also told WFXR News that as many as 125 restaurants are expected to open.  

In an email to WFXR News, the spokesperson said that restaurant closures are a "normal course of business in the industry."  

The email also said that closing "well-below average restaurants can have a positive brand benefit." 

The spokesperson for the company also told WFXR that they do not have a list of the restaurants that are expected to close. 

DineEquity also announced the appointment of a new CEO.  

Stephen Joyce will join the company on September 12, 2017.  

 


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