DQ Abbreviation

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Popular abbreviations of DQ:

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What does DQ mean?

Dairy Queen is an American chain of fast-food restaurants, especially known for soft-serve ice cream and desserts. 

History

Dairy Queen began operations for the first time in 1940, with the first Dairy Queen store opening in Joliet, Illinois. 

Dairy Queen was founded by John Fremont McCullough, Alex McCullough, and Sherb Noble. 

Dairy Queen expanded in 1940 to numerous Dairy Queen stores as the company relied upon a franchise system. In such a system, the franchisor allows certain intellectual property rights and certain other aspects of their business, i.e business model, and brand name to be used by the franchisee in return for a specific fee, with all the terms in a franchise agreement.

Following the year 1990, investors began investing in Dairy Queen stores and acquiring them. Vasari LLC emerged as a firm operating a large number of Dairy Queen stores in the United States of America. However, financial restraints and the non-profitability of the stores led the investment firms to close multiple Dairy Queen stores across the country.

The parent company of Dairy Queen, International Dairy Queen (IDQ) acquired the chain, Orange Julius. International Dairy Queen was eventually acquired by Berkshire Hathaway in 1998. Berkshire Hathaway is a multinational holding company based in the United States of America.

Organization

Dairy Queen is a subsidiary company of International Dairy Queen. International Dairy Queen is held by Berkshire Hathaway. Hence, Dairy Queen is wholly held by Berkshire Hathaway.

As of 2018, Dairy Queen operated at a number of 4,455 locations in the United States of America and around 6,800 locations across the globe.

Dairy Queen had a revenue of around 3.64 Billion United States Dollars in 2017.

The company leadership of Dairy Queen includes the Chief Executive Officer Troy Bader and other executives such as Mark Vinton and Barry Westrum. The chairman and Chief Executive Officer of Berkshire Hathaway, Warren Buffett also plays an important role in the leadership and decision making at Dairy Queen.