Planet Hollywood

Planet Hollywood is an international restaurant chain. All restaurants treat the Hollywood theme. Among the current and former owners include the actor Sylvester Stallone, Bruce Willis, Demi Moore, Jackie Chan and Arnold Schwarzenegger.

History

The first Planet Hollywood restaurant was opened in New York City on 22 October 1991. Initiator and founder was Robert Earl, who previously worked in the cafe chain management level of Rock and as president and CEO of the company there since 1989, the shops. Large media coverage experienced the opening of the first and also the following branches through the collaboration of numerous Hollywood stars such as Arnold Schwarzenegger, Sylvester Stallone, Whoopi Goldberg and Bruce Willis. The actor had been made Earl of co-owners and together received a total of one-fifth of the company. In return, they were present at the opening ceremonies of new branches.

In May 1993, in London opened the first store outside the United States. By 1994, New York and London 11 more branches were created. They were only in major international cities and tourist centers such as Paris, Cancun or Las Vegas. Celebrities like Roseanne Barr or Wesley Snipes had meanwhile entered into the company and supervised individual restaurants. The company reported strong sales, the individual stores all worked profitably. Customers were offered a sophisticated design with exhibits from Hollywood movies. Each restaurant operation in addition to the catering service is also a merchandise sales.

In 1996 the IPO. The share reached a value of $ 30US on the first day. The company was so worth over 3.5 billion dollars. The economic success prompted the management to continue the expansion and the number of new restaurants to increase each year. By 1999, as incurred up to 95 stores in 31 states. With Berlin, Munich and Oberhausen were three of the sites in Germany. A fourth German office in Hamburg was abandoned before the start of construction. The success of this strategy, however, did. The share price fell continuously until he was in mid-1999 fell to less than U.S. $ 1. The company made losses in the tens of millions and still had to file for bankruptcy in the same year.

As part of the restructuring after the collapse, most stores were closed worldwide, including three located in Germany restaurants. In January 2000, Arnold Schwarzenegger left the community of owners of Planet Hollywood. The company was now again as before the IPO in private ownership. Robert Earl was still the principal owner and built the restaurant chain back on. This time, however, he gave up a comprehensive policy of expansion. Opened in 2006 Earl and his partners in Las Vegas Planet Hollywood Resort and Casino. In 2008 only 17 restaurants were opened worldwide. The end of 2010 there were still 14, 2011 was opened the 15th branch with the opening in March in Kuwait City. In 2012, a 5-star luxury hotel in Mumbai was planned. On 28 November 2013, the first new restaurant was opened in Germany in Duisburg after the restructuring. Owner of the hotel brand is the Wyndham Hotel Group.

Branches

In use

As of December 2013 there are branches of Planet Hollywood at eight locations around the world:

  • Disneyland Paris
  • Duisburg (Shop and Restaurant )
  • Las Vegas (Planet Hollywood Resort and Casino )
  • London
  • Myrtle Beach
  • New York
  • Niagara Falls
  • Orlando

Closed branches

In the U.S.

Outside the U.S.

  • Nassau
  • Oberhausen
  • Ochtrup (EOC )
  • Paris
  • Prague
  • Puerto Vallarta
  • Rio de Janeiro ( never opened )
  • Rome
  • San Juan
  • São Paulo
  • Seoul
  • Sharm El Sheikh
  • Singapore
  • Sydney
  • Taipei
  • Toronto
  • Vancouver
  • Zurich

Exhibits

In any Planet Hollywood Restaurant movie costumes and other movie props on display. It is with them all about props from films in which one of the founders has played (about a pair of pants from Rambo 3 or Bruce Willis ' suit of Die Hard 3).

Types of business entity Orlando (Florida) Hard Rock Cafe Chief Executive Officer Insolvency Myrtle Beach, South Carolina Niagara Falls (Ontario) Anaheim, California Atlantic City (New Jersey) Beverly Hills, California Columbus (Ohio) Costa Mesa, California Gurnee (Illinois) Irvine, California Bloomington (Minnesota) Memphis (Tennessee) Phoenix (Arizona) Reno (Nevada) Santa Monica, California Schaumburg (Illinois) Rambo III
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