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Denny’s Corp. (Nasdaq: DENN), the parent company of both Denny’s and Orlando-based Keke’s Breakfast Cafe, plans to close 150 Denny’s restaurants in the next 12-18 months, while simultaneously opening 12-16 new Keke’s locations.
Denny’s acquired Keke’s in 2022 for $82.5 million. The move gave Denny new access to participate in the fast-growing morning eatery segment, the company said at the time.