Perkins Restaurant and Bakery
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(Redirected from Perkins Restaurant)
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| Type | Franchising |
|---|---|
| Founded | 1958 |
| Headquarters | Memphis, Tennessee, U.S. |
| Key people | Joseph Trungale, Chief Executive Officer |
| Industry | Restaurant and Bakery |
| Products | Food |
| Revenue | $352.3 million as of FY 2005 |
| Employees | 25,000 |
| Website | www.perkinsrestaurants.com |
Perkins Restaurant and Bakery is a North American casual dining restaurant chain which serves breakfast throughout the day, including pancakes. Perkins also has a bakery that sells pastries that are baked fresh daily.
[edit] History
- 1958: Matt and Ivan Perkins open Perkins Pancake House in Cincinnati, Ohio.
- 1958-1969: Matt and Ivan oversee the franchising of their restaurants.
- August 1979: Matt and Ivan retire and sell their final interest in the company, including all trademark and distribution rights, to Memphis-based Holiday Inns, Inc.
- 1985: Donald N. Smith organizes a holding company, now called The Restaurant Company ("TRC"), to purchase the Perkins system from the Holiday Inn Corporation.
- September 22, 2005: Castle Harlan, the New York-based private equity investment firm, announces it completed the acquisition of The Restaurant Company for approximately $245 million.
- As of year end 2005: The Restaurant Company has 151 company-operated and 331 franchise full-service restaurants in 34 states and five Canadian provinces.
- May 3, 2006: The Restaurant Company completely acquires Marie Callender's[1], a chain of casual dining restaurants best known for freshly baked pies.
