Arby's and Buffalo Wild Wings owner buying Dunkin' Brands Updated 8:37 am CST, Sunday, November 1, 2020 This May 7, 2020, file photo, shows a Dunkin' Donuts …
Morningstar analyst R.J. Hottovy said in a note that Dunkin' and Baskin-Robbins will complement Inspire’s existing brand portfolio from a geographic perspective: Dunkin' could find potential franchisees from existing Arby’s and Sonic franchisees in the South and West, for example. Like us on Facebook to see similar stories, French forces kill jihadist commander in Mali.
“Today’s announcement is a testament to our world-class group of franchisees, licensees, employees, and suppliers who have worked together to transform Dunkin’ and Baskin-Robbins into modern, relevant brands,” said Dave Hoffmann, chief executive officer of Dunkin’ Brands.
Dunkin' Brands supports more than 12,500 Dunkin' locations and nearly 8,000 Baskin-Robbins locations, all owned by franchisees.
The boards of Inspire and Dunkin' have unanimously approved the deal. “Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” said Paul Brown, co-founder and chief executive officer of Inspire Brands.
Inspire, owner of Arby’s and Buffalo Wild Wings, appears to be eating up the competition after also taking over SONIC Drive-In and Jimmy John’s restaurants.
The shares had already been climbing steadily before that point, prompting some insiders to wonder if a deal was afoot.
The chain was acquired by Baskin-Robbins' holding company Allied Domecq of Great Britain some 40 years later.
The deal is expected to close by the end of 2020.
Jon Chesto can be reached at email@example.com. Dunkin' employs about 1,100 corporate workers worldwide, including roughly 670 in Massachusetts. “Today’s announcement is a testament to our world-class group of franchisees, licensees, employees, and suppliers who have worked together to transform Dunkin' and Baskin-Robbins into modern, relevant brands," Dave Hoffmann, the CEO of Dunkin' Brands, said in a statement. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Dunkin’ Brands to go private in $11.3 billion deal with owner of Arby’s and Sonic Acquisition will end nine years of independence as a publicly traded company By …
In a note about the sale of the company, RBC Capital Markets analyst Christopher Carril said he expects consolidation in the restaurant industry “to come into greater focus as the advantages of scale become even more clear in the evolving operating environment.".
Inspire will acquire Dunkin’ Brands for $106.50 per share in cash in a transaction valued at about $11.3 billion including the assumption of Dunkin’ Brands’ debt, the two sides said in a joint statement.
Baskin-Robbins, meanwhile, was started in 1945 in California, and eventually grew into what the company calls “the world’s largest chain of ice cream specialty shops.”.
Dunkin' Brands Group Inc. of Canton, owners of the popular coffee and doughnut chain and Baskin-Robbins, is being sold for $11.3 billion to Inspire Brands Inc. of Sandy Springs, Georgia. Connect with friends faster than ever with the new Facebook app. Inspire Brands Inc. said Friday that it is acquiring Dunkin’ Brands Group Inc. for $11.3 billion, including the Dunkin’ Brands’ debt that Inspire will be taking on.
The transaction is expected to close by the end of 2020.
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