Private-investment firm Argonne Capital Group LLC has purchased 40 Applebee’s restaurants in the Atlanta area from Apple Restaurants Inc., a franchise group operated by Applebee’s founder Bill Palmer, Argonne officials said Friday. Atlanta-based Argonne, which last year founded franchise group Neighborhood Restaurant Partners LLC, will retain Palmer as the group’s chief executive. Terms of the sale were not disclosed. Argonne, through affiliates, is also the largest ...
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!