RISE - Menu Monitor

Denny’s will transfer ownership of five of its company-owned locations in South Carolina to Craig Herman. Restaurants in
Anderson, Boiling Springs, Duncan, Greenville and Spartanburg are being sold to Herman in late September. Herman is the
former head of company operations at Denny’s, but left to become a franchisee. (Restaurantnewsresource.com 8/30/07)
Denny’s lost a lawsuit and was ordered to pay $600,000 to 15 members of an African-American family who claimed their
Caucasian waiter deliberately ignored them and used racial slurs. A federal jury in East St. Louis, IL, awarded each family
member $5,000 in compensatory damages and $35,000 in punitive damages. (Abcnews.go.com 9/17/07)
Denny’s Corp. is realigning its operational structure in order to better position the company to execute its strategic initiatives.
The company is focusing on development, new products and new facilities to attract franchisees as well as customers to the
chain. Denny’s has also restructured its field management for franchised and company units. (Food Institute Report 9/24/07)
Denny’s is partnering with Pilot Travel Centers to develop an undisclosed number of restaurants in travel centers across the
U.S. The first location is under construction in Mount Vernon, IL, and other units are expected to begin construction next year.
Spartanburg, SC-based Denny’s operates or franchises 1,539 restaurants in the U.S., Canada, Costa Rica, Guam, Mexico,
New Zealand and Puerto Rico. Pilot Travel Centers, based in Knoxville, TN, owns approximately 300 travel centers in 40
states. (Nation’s Restaurant News 10/8/07)
Denny’s Corp. sold 9.5% of its shares to investment fund Olstein Capital Management LP. Denny’s sold nearly nine million
shares to Olstein Capital for $3.73–$4.40 per share. Olstein Capital plans to take an active role in Denny’s strategic direction.
(NRN Daily NewsFax 10/12/07)
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