Denny’s Corp. has canceled its plans to develop franchised restaurants in China with Great China International Group, the company said Monday. Per the now-defunct agreement, announced in July, GCIG would develop 50 new Denny’s locations in southern China during the next 15 years. The first restaurant was expected to open in 2013. The agreement also gave GCIG exclusive development rights in six Chinese provinces: Guangdong, Fujian, Guizhou, Jiangxi, Chongqing and Sichuan, ...
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Contact: Desiree Torres Desiree.Torres@penton.com