Fuzzy's Taco Shop Sells for $80 Million to Parent Company of Applebee's and IHOP

The parent company of Applebee’s and IHOP is adding Mexican to its menu of holdings.

Dine Brands Global Inc. said Monday that it will acquire Fort Worth-based Fuzzy’s Taco Shop for $80 million in cash. The Glendale, Calif.-based company owns, operates and franchises more than 3,400 Applebee’s and IHOP restaurants. Founded near the Texas Christian University campus in 2001, Fuzzy’s is a highly franchised fast-casual chain with 138 restaurants in 18 states and long-term development agreements that could nearly double its locations. Atlanta-based private equity firm NRD Holding Co.

Noooooo

So sad. Fuzzys has always been a good quality chain. I'm expecting quality of food to drop to the level of Applebee's. And prices to rise simultaneously.

RIP Fuzzy's.

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Fuzzy’s Taco Shop sells for $80 million to parent company of Applebee’s and IHOPThe Fort Worth-founded Mexican restaurant chain is highly franchised, with 98% of its locations independently operated. Ah, so the food will be even worse now. Boooooo Fuzzys is awful.Gave it 3 chances.
La source: dallasnews - 🏆 18. / 71 Lire la suite »

Dine Brands to acquire Fuzzy's Taco Shop from NRD's Experiential Brands - Dallas Business JournalThe parent company of Applebee’s and IHOP will become the new owner of Fort Worth-founded Fuzzy's Taco Shop.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »