Perkins Restaurant and Bakery
From Wikipedia, the free encyclopedia
| Perkins Restaurant & Bakery A subsidiary of The Restaurant Company & Marie Callender's |
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| Type | Franchising |
| Founded | 1958 in Cincinnati, OH by Matt Perkins and Ivan Perkins |
| Headquarters | Memphis, Tennessee, USA |
| 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. Known for serving breakfast throughout the day (much like their competitor Denny's), they also specialize in producing baked goods such as muffins and pies. In most locations the bakery items are baked fresh in the restaurant.
Perkins is also closely associated with Give Kids The World, with many fundraising events held in the restaurants to help GKTW. Perkins runs the Gingerbread House, located in the Give Kids The World Village, which is essentially a Perkins restaurant geared towards the families that visit GKTW.
[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 & 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, Inc., 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, a chain of casual dining restaurants best known for freshly baked pies.
