GLENDALE Calif. Franchisees of the IHOP and Applebee’s chains together will form a purchasing cooperative to improve buying leverage now that the two brands are under parent company DineEquity Inc. “The purchasing power of that combined entity is huge,” said Julia Stewart, chairman and chief executive of DineEquity. She discussed the still-in-development purchasing co-op at Nation’s Restaurant News' headquarters in New York on Monday.Aco-op, which pools the resources of independent ...

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