Applebee's® Investor Relations -
[Cached Version]
Published on: 6/28/2001
Last Visited: 6/30/2006
The owners of the recently formed Specialty Restaurant Development, LLC are Abe Gustin, the former chief executive officer of Applebee's International and its current chairman of the board, and certain members of his family.
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Lloyd Hill added, "We are also pleased that Abe Gustin's purchase of an Applebee's franchise, combined with the acquisition of the specialty restaurants, will provide yet another avenue for Abe's continued involvement with the Applebee's organization.
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Abe retired as an active executive of Applebee's International in January of this year, but will continue to serve as the company's chairman of the board of directors, as well as a member of the Applebee's Franchise Business Council.