In the late 1950s, Al Lapin Jr. formed a new holding company for the International House of Pancakes chain called International Industries. Eventually the holding company consisted of International House of Pancakes,
Orange Julius, Love's Wood Pit Barbecue, Golden Cup Coffee Shops,
The Original House of Pies, Wil Wright's Ice Cream Shoppes, and Copper Penny Coffee Shops. In 1976, International Industries was renamed to IHOP, Inc; and IHOP Corporation was founded as a new holding firm for IHOP, Love's, and OHOP (which was later sold shortly after). In 1979, it was purchased by Wienerwald Holding, the owners of
Wienerwald and
Lum's chains. Following the closing, IHOP Corporation was renamed to DineEquity Inc.; and subsequently announced it would franchise most of Applebee's 500 company-owned locations, and undertake a plan to revitalize the chain's brand and concept. In 2018, it was renamed to Dine Brands Global, reflecting a change in strategy "with greater autonomy and accountability at the brand level". As of December 31, 2019, Dine Brands had 3,628 restaurants including 1,787 Applebee's and 1,841 IHOP restaurants, including 69 Applebee's that are company owned, 161 IHOP restaurants that are owned by area licensees and 3,398 franchised restaurants including 1,718 Applebee's and 1,680 IHOP restaurants. In December 2022, they acquired
Fuzzy's Taco Shop for $80 million in cash, adding 138 restaurants in 18 states. ==References==