Denny's Announces New Ownership of Restaurants in the Upstate

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Former Corporate Executive to Take Over Five Area Denny's Restaurants

August 24, 2007 // Franchising.com // SPARTANBURG, S.C.--Denny's announced today the transfer of ownership of five company restaurants in the Upstate area to Craig Herman, the former head of company operations who left to become a Denny's franchisee. The transaction is anticipated to occur in late September with the sale of the Anderson, Boiling Springs, Duncan, Greenville and Spartanburg Denny's restaurants to Herman.

"We are very enthusiastic about this change and view it as positive for the restaurants' employees and for the community," said Nelson Marchioli, Denny's President and Chief Executive Officer. "Craig is a respected leader who already has strong ties to this community. We are confident that under his direction, the Upstate Denny's will continue to do well, making this change good for Denny's; good for the Upstate economy; and most importantly, good for our guests."

After six years as a corporate senior executive, Herman became a franchisee in early 2007 with his purchase of four company restaurants in the Charleston and Myrtle Beach areas.

"This is a wonderful opportunity and I look forward to returning to work in the Upstate area," said Herman. "Our goal is to help build the Denny's system statewide and to ensure that the Upstate restaurants and their employees continue to provide Denny's hometown guests with the best possible dining experience."

Denny's opened the first restaurant in the Spartanburg area in 1991, shortly after the company's headquarters relocated from Irvine, California. This transaction is part of Denny's ongoing franchise growth initiative that began this year.

About Denny's

Denny's is America's largest full-service family restaurant chain. For more than 50 years, Denny's has been committed to providing guests with quality food, abundant value and a great dining atmosphere. From its "always open" service to its famous Grand Slam® breakfasts, Denny's provides a variety of flavorful food and beverage choices for guests of all ages.

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