Flagstar Companies
In 1992, private equity firm, Kohlberg Kravis Roberts acquired a 47% interest in TW Corporation, later known as The Flagstar Companies, and encouraged the company to sell non-core businesses. The food service unit which had moved in and out of bankruptcy would change its name to The Flagstar Companies in 1993 with a portfolio of businesses including Volume Services America, Hardee's, Quincy's Family Steakhouse, El Pollo Loco, Canteen Corporation and Denny's. It would become Advantica in 1998. Today the remnants of the corporation are Denny's.
Trans World Corporation was the predecessor of the way and manner in which, many of the airlines with holdings and holding parent companies conduct and create their business structural organization.
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