Dine Brands Strikes Non-Traditional Restaurant Franchisee Deal with K2 Group For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

August 16, 2021 3:49 PM | 1 min read

Dine Brands Global Inc DIN has signed an agreement with K2 Group, a Toronto-based investment company, for non-traditional restaurants across Ontario, Canada. The financial terms of the deal remain undisclosed.
Dine Brands is planning to open five IHOP restaurants in Ontario over the next five years.
The first restaurant is scheduled to open in a truck stop location in Belleville at the beginning of 2022.
"We are optimistic that the market is well-positioned to get back to its pre-pandemic growth momentum," said Tony Moralejo, President, International, Dine Brands.
Price Action: DIN shares are trading lower by 1.47% at $76.22 on the last check Monday.

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