Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China as Competition Intensifies 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro 
Target Stock Rallies as Activist Interest Sparks Hopes for Strategic Change 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026 
Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms 
Hyundai Faces Deadline on Russia Plant Buyback Amid Ukraine War and Sanctions 
Drugmakers Plan 2026 U.S. Price Increases on Over 350 Branded Medications Despite Political Pressure 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing 
SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round 
Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026 
Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety 
Bain Capital Moves to Acquire Majority Stake in Echo Marketing 
SPARTANBURG, S.C., Oct. 19, 2017 -- Denny's Corporation (NASDAQ:DENN), one of the world's largest full-service family dining chains, today announced its expansion into Europe through a franchise agreement with Denny’s Magic Diners U.K., led by seasoned franchise executive Leon Esfahani. The agreement will bring 10 locations to the United Kingdom over the next several years, with the first expected to open in Wales by the end of the year.
“We believe there is considerable opportunity to grow the brand internationally, and are confident that Leon Esfahani and his team’s experience with leading restaurant brands makes him the right partner to introduce the Denny’s experience to the United Kingdom, and more broadly Europe, for the first time,” stated John Miller, Denny’s President and CEO. “Our expanding global footprint has attracted new interest from a number of franchisees and we continue to have an active pipeline for growth as we gain momentum beyond North America.”
Mr. Esfahani’s restaurant experience includes operating franchised locations for leading global brands, including Starbucks and Pizza Hut. His first Denny’s location is expected to open in Swansea, Wales, by the end of 2017.
“I have long been a fan of the Denny’s brand and am honored to bring what I view as a truly unique concept to the United Kingdom,” added Mr. Esfahani, franchisee for Denny’s. “Denny’s serves up a welcoming atmosphere paired with a broad menu of favorites across all day parts, and I am thrilled to introduce the Denny’s diner experience to the local community.”
Steve Dunn, Denny's Senior Vice President & Chief Global Development Officer, added: "Denny’s is one of the fastest growing family-dining chains across the globe and it is very exciting to add the United Kingdom to our expanding list of new countries offering our unique diner experience. We look forward to finding more qualified partners like Mr. Esfahani and his team to further expand Denny’s international footprint."
About Denny’s
Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of June 28, 2017, Denny’s had 1,724 franchised, licensed, and company restaurants around the world including 125 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, Costa Rica, Dominican Republic, the United Arab Emirates, the Philippines, Guam, Curaçao, and El Salvador. For further information on Denny's, including news releases, links to SEC filings, and other financial information, please visit the Denny's investor relations website at investor.dennys.com.
Media Contact:
Christine Beggan, ICR
203-682-8329
[email protected]
