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News Breaks | | | | March 11, 2013 | | 09:03 EDT |  | DENN | Denny's says plan canceled for GCIG to develop in southern China
Denny's Corporation announced that it and Great China International Group, or GCIG, have mutually decided to cancel the plans for GCIG to develop franchise restaurants in southern China. The company reiterated its full year 2013 guidance for new restaurant openings between 40 and 45 restaurants. Steve Dunn, Denny's Senior Vice President of Global Development said, "We have great respect for the varied business interests and capabilities of GCIG and understand their need to focus on other projects. We wish them continued success and hope to work with them again." | |
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