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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
RetailIHOP

World’s First Combination IHOP/Applebee’s to Open in Detroit

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Sarah Begley
Sarah Begley
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By
Sarah Begley
Sarah Begley
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December 21, 2016, 2:38 PM ET
IHOP To Buy Applebees Chain For $1.9 Billion
IHOP and Applebee's restaurants sit next door to each other July 16, 2007 in Elgin, Illinois.Scott Olson Getty Images
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For the first time, diners will be able to order IHOP‘s signature pancakes alongside Applebee’s signature riblets. The world’s first combination IHOP/Applebee’s is scheduled to open in Detroit in late 2017.

The restaurant will be located inside the city’s Millender Center, and is a franchise of TEAM Schostak Family Restaurants, which told the Detroit Free Press it was “proud to expand our portfolio by uniquely combining two nationally recognized and family-oriented brands.”

IHOP purchased Applebee’s in 2007 for a reported $2.1 billion. Both are now subsidiaries of DineEquity Inc., whose CEO said she was excited to have the two brands united for the first time.

[Detroit Free Press]

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