Hollis Johnson/Business Insider
- Applebee’s parent company, Dine Brands, and its second-largest franchisee, RMH Holdings, are battling in court, with Dine Brands attempting to take control of dozens of the franchisee’s restaurants.
- RMH controls more than 140 Applebee’s locations and filed for bankruptcy in May, blaming Dine Brands’ “ill-advised and value-destroying” decisions for struggling sales and millions of wasted dollars.
- The franchisee filed for bankruptcy at 3:30 a.m. on May 8, just hours after Dine Brands’ CEO issued an ultimatum: send $ 12 million in unpaid royalties by the end of the day, or lose your restaurants.
- Dine Brands claims that RMH owes the company more than $ 23 million in unpaid and lost future royalties and other fees.
There’s a battle raging within Applebee’s.
On one side is the chain’s parent company, Dine Brands. On the other is Applebee’s second-largest franchisee, RMH Holdings, which filed for bankruptcy earlier this year — at 3:30 a.m. on Tuesday, May 8, to be exact. See the rest of the story at Business Insider
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