The Committee to Enhance Denny's Refutes Claims of Smooth Relationship Between Denny's and its Franchisee Association
CHICAGO, April 20 /PRNewswire/ -- The Committee to Enhance Denny's has posted on www.enhancedennys.com two scathing letters to Denny's Corporation (Nasdaq: DENN) from the Denny's Franchisee Association (DFA) dated March 30, 2009 and November 11, 2009. These letters detail the reasons for the DFA's "unanimous lack of confidence" in Denny's management. The DFA letters can be downloaded at http://www.enhancedennys.com/DFA%20Letter%20to%20BOD%203-20-2009.pdf and http://www.enhancedennys.com/DFA%20Letter%20to%20BOD%2011-09-2009.pdf. The Committee strongly believes that these strained relationships with its franchisees cannot be repaired without a significant and sustainable turnaround in guest traffic and sales trends.
Recently, DFA Chairman Craig Barber implied that the DFA letters have been misunderstood. The Committee believes these letters speak for themselves and encourages Denny's shareholders to read the letters and exhibits carefully and to form their own conclusions.
The Committee reiterates that if its nominees are elected at the 2010 annual meeting, they would seek to establish a consistent and constructive dialogue with Denny's franchisees and take all other actions necessary to improve sales and enhance the Denny's brand.
SOURCE The Committee to Enhance Denny's
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