Applebee's franchisee hires home-office vet to buy co. stores

HARRISON N.Y. Apple-Metro Inc., a 28-unit franchisee of Applebee's International, has hired a former high-ranking official of the franchisor to help in acquiring company-operated locations.

All 508 corporate Applebee's stores would be sold under the strategic plan that Glendale, Calif.-based IHOP Corp. has said it would pursue after buying the casual-dining brand for $2.1 billion. Applebee's, which currently owns or franchises 1,943 stores, has agreed to be

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