Glendale, Calif. — Dine Brands Global, Inc., the parent company of Applebee’s Neighborhood Grill & Bar®, IHOP® and Fuzzy’s Taco Shop® restaurants, plans key leadership moves, each effective on January 6, 2023. John Cywinski, Applebee’s president, is leaving the company for a CEO position at another restaurant company. Tony Moralejo, who is currently president, Dine Brands International and Global Development, has been appointed president, Applebee’s U.S. Scott Gladstone, senior vice president of strategy and innovation, will step into the role of president, international and corporate development. “John and I share …
John Peyton
Glendale, Calif. — Dine Brands Global, Inc., the parent company of Applebee’s Neighborhood Grill + Bar® and IHOP® restaurants, has agreed to acquire Fuzzy’s Taco Shop® from Experiential Brands LLC, a wholly owned subsidiary of NRD Holding Company, for $80 million in cash. Fuzzy’s is a fast-casual restaurant concept serving Mexican favorites with a Baja twist. Net of tax benefits, the purchase price is approximately $70 million. Founded in 2003 in Fort Worth, Texas, Fuzzy’s is a category innovator, offering a new twist on Mexican favorites at a value price …