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osoab
6th February 2011, 01:12 PM
UPDATE 1-Goldman near deal for Applebee's franchisee - WSJ (http://www.reuters.com/article/2011/02/04/applebees-idUSN0428356920110204)


Fri Feb 4, 2011 5:59pm EST

* Deal worth "several hundred millions" of dollars - WSJ

* Apple American has 269 restaurants - WSJ

PHILADELPHIA Feb 4 (Reuters) - Goldman Sachs Group Inc's (GS.N) private equity arm is near a deal to buy the largest U.S. franchisee of Applebee's Neighborhood Grill and Bar restaurants, The Wall Street Journal reported on Friday.

GS Capital Partners' deal for the Apple American Group is worth "several hundred millions" of dollars, the newspaper said in its online edition.

Apple American has 269 restaurants, 16,000 employees, 2010 sales of $665 million. The Weston Presidio company has owned Apple American since 2005, the newspaper said.

GS Capital and Apple American could not be immediately reached for comment.

GS Capital has a history with the franchisee, which it previously owned.

In 2001, Goldman invested $50 million into Apple American to fund the acquisition of 73 Applebee's restaurants, the newspaper said. In 2005, Weston Presidio bought Apple American from GS Capital.

There is no sense in padding the wallets of the vampire squid.
TheNocturnalEgyptian
6th February 2011, 01:40 PM
Rothschild's is the most expensive wine in the world, or so I've heard.

They've been investing in infrastructure for a looooooooong time.


http://0.tqn.com/w/experts/Wine-1615/2008/08/RothschildMoultonCadet-jpg.jpg http://i01.i.aliimg.com/photo/v0/108431817/Lafite_Rothschild_and_Carruades_de_Lafite_Rothschi ld.jpg

http://blog.mrandmrssmith.com/wp-content/uploads/2008/10/baron-de-rothschild-image.jpg



http://img.ibtimes.com/www/data/images/full/2010/11/01/50610-ch-teau-lafite-rothschild-1869.jpg
ShortJohnSilver
6th February 2011, 01:54 PM
Applebee's has sucked for years, so they haven't been getting my business as it is.
Gaillo
6th February 2011, 01:58 PM
What's an "Applebees"? ???
oldmansmith
6th February 2011, 02:12 PM
Never been in one, I try not to eat at any chain.
Ponce
6th February 2011, 02:57 PM
What's an "Applebees"? ???


I feel the same way, driven by it whenever I go to the BIG town but never been in.
milehi
6th February 2011, 03:00 PM
What's an "Applebees"? ???


It's a fast food chain, with a bar and wait staff.
jimswift
6th February 2011, 06:36 PM
What's an "Applebees"? ???


It's a fast food chain, with a bar and wait staff.


Exactly that.
Cobalt
6th February 2011, 07:03 PM
They had great food several years ago but the quality dropped off so I quit eating there.

They seem to draw the mid 20 year olds and the place can get pretty noisy when busy.
steyr_m
7th February 2011, 10:46 AM
Applebee's has sucked for years, so they haven't been getting my business as it is.


I went there once.

As long as the Sheeple keep going to eat "food" at McD's, they will also go to an "upscale" place like Applebee's. All you need is the trendy/flashy commercials on Talmud Vision and the sheep will go.
gunDriller
7th February 2011, 03:15 PM
that's a very good reason to avoid Applebee's.